RBZ Local Currency Mandate Cripples Infrastructure, Stalling Development and Inflating Project Costs

A Reserve Bank of Zimbabwe (RBZ) policy mandating exclusive payment in local currency for public sector contractors and suppliers is severely impacting the infrastructure sector. This directive has stalled critical development projects and industry operations, creating significant financial friction. The policy's effect is likely to translate into increased costs for taxpayers and delays in essential public services, undermining national development objectives. The increased project costs will likely translate into higher taxes for citizens and reduced budgets for other public services, impacting the broader economy.