Govt suspends duty on POS machines …move meant to promote use of plastic money

Govt suspends duty on POS machines …move meant to promote use of plastic money

By Daniel Chigundu  FINANCE Minister Patrick Chinamasa has suspended duty on importation of Point of Sale (POS) machines to promote the use of electronic payments and plastic money in the country. Government is currently promoting the use of plastic money in an effort to ease the current cash crises which has been caused by alleged externalization and unnecessary importation of various goods from neighbouring countries and the Far East Asia. Zimbabwe has generally been a cash economy, but since the adaption of multicurrency system in February 2009, it has been…

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