Retailers defy FIU directive

LIVINGSTONE MARUFU   Several  local retailers  are charging more than  the tolerance premium of 10% on the official rate when selling their products  in violation of a Financial Intelligence Unit (FIU) directive, Business Times has learnt. The government promulgated Statutory Instrument (SI) 127 of 2021, which banned them from selling goods and services at an exchange rate above the ruling  auction market…