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Zimbabwe Power Utility Gets Go-Ahead to Bill Exporters in Forex – Bloomberg

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The cooling towers of the Harare power station, operated by Zimbabwe Power Co., in Harare, Zimbabwe

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Zimbabwe’s central bank has approved a regulation that will allow the country’s power utility to bill the exporters of goods and services in dollars, euros and other foreign currencies.
Exporters and partial exporters will have to pay their electricity bills at the international cross rate, according to the Exchange Control Order published in the Government Gazette on Monday. An exporter is defined as a business that, on average every quarter, exports 80% or more of its total output in goods and services produced or provided by it in Zimbabwe, for which it receives any foreign currency.


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