Zimbabwe to allow goods to be sold in foreign money

HARARE, Sept 10 | Wed Sep 10, 2008 9:53am BST

HARARE, Sept 10 (Reuters) - Zimbabwe will license 1,000 retailers and 200 wholesalers to sell goods in foreign currency to ease shortages and clamp down on a thriving currency black market, central bank Governor Gideon Gono said on Wednesday.

"With immediate effect there will be foreign currency licenced warehouses and shops and we are doing this for an initial period of 18 months, as an experiment," he told reporters.

Motorists would also be allowed to buy fuel in foreign exchange, he said. The most used foreign currency in Zimbabwe are the South African rand and U.S. dollar. (Reporting by MacDonald Dzirutwe)

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