Yesterday the government announced SI 127 of 2021 which put new rules and penalties of forex use. The Statutory Instrument looks like it was designed to stop businesses from pricing goods and services above the auction-rate more than anything else... The response by businesses as we saw in a tweet by journalist Hopewell Chin'ono is to increase local currency prices so that they don't lose out to the prevailing 1:85 official rate as mandated by SI 127 of 2021.

In light of this, we decided to go over some of the other potential consequences that may come up because of SI 127 of 2021 for consumers and businesses.

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