Will Zimbabwe Tourism Convert To Rands?

Will Zimbabwe Tourism Convert To Rands?
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While various media have reported that Zimbabwe is adopting South African Rand-based pricing in the tourism sector, Zimbabwean tour operators say they will continue to price in dollars.

According to the Zimbabwean Minister of Finance and Economic Development, Patrick Chinamasa, the government is only encouraging the use of Rand-based pricing.

“In order for the tourism industry to cushion itself from the current liquidity and cash crisis, it is highly recommended that the sector commences the use of the Rand-based pricing system,” said the Minister. “Everything in the Zimbabwean tourism industry is based in US dollars and, for the foreseeable future, we’ll continue to be based in US dollars,” said Shane White, sales and marketing manager of Wild Horizons.

Africa Albida Tourism finance and operations director, Nigel Frost says, “We price in US dollars as it is the most stable currency, but we accept payment in all the approved currencies.”

The recommendation is a result of the Ministry of Finance and Economic Development’s attempts to move away from sole reliance on the US dollar. “Promoting increased use of the Euro and the Rand will also boost investment and trade relationships between Zimbabwe and the European Union and South Africa, which both present huge markets for our various agricultural commodities,” said the Minister.

Compiled by: Melissa Jane Cook. Source: Travel and Meetings.