In a ministerial address in Parliament on Thursday, Finance Minister Patrick Chinamasa said that Government is amending the the Bank Use Promotion and Suppression of Money Laundering Act [Chapter 24:24] to address multi-pricing by retailers.
Said Chinamasa:
The regulations require traders to accept all modes of payment modalities and prohibits multiple pricing which has become rampant within the economy. We are also working on the amendment to the Bank Use Promotion Act to strengthen its powers and these amendments whose Principles were approved by Cabinet shall be presented to (Parliament) in the next few weeks. My plea is that when these amendments are tabled, honourable members will give them expeditious passage.
More: Sunday Mail