Harare City Council demands US dollars parking fees as Zimbabwe dollarize

THE Harare City Council is now demanding US dollars for motorists to park in the city, as more sectors of the economy continue to dollarize.

Parking a vehicle for an hour will now attract a fee of US$1 or the equivalent in Zimbabwe dollars at the prevailing interbank rate.

In a public notice, City Parking says the new fees are effective 2nd July.

According to yesterday’s forex auction figures, US$1 is equivalent to about ZW$64. This will be a huge increase from the current parking fee of ZW$20 per hour.

Most sectors of the Zimbabwean economy have been dollarizing in earnest as they seek to preserve value in the face of an ever tumbling local currency. – Zimbabwe Voice