Harare: Zimbabwe’s largest mobile telecommunications company, Econet Wireless has announced a new roaming and international calling tariff regime following the floating of the local currency against major currencies.
Central Bank Governor, John Mangudya dumped the controversial 1:1 parity between the surrogate bond note currency and United States dollar in his monetary policy statement last week.
In a statement, Econet Wireless said the mobile telecommunications company had no option but to respond with a new tariff regime since “we have certain services that require direct settlement in foreign currency”.
“We are simply recognising the impact of the movement in the exchange rates from 1:1 to the interbank rate as determined by the market for services that are directly procured in foreign currency,” Econet Wireless said.
The Central Bank began selling U.S. dollars to banks on Friday morning at a rate of 2.5 RTGS to the greenback.
“In the circumstances, to enable Econet Wireless to provide the services above please be advised that with effect from midnight 26 February 2019, the charges for roaming and international outbound calling and SMS services will be adjusted to reflect the movement in the exchange Rate as determined on the interbank settlement system,” Econet Wireless added.
