Econet Wireless has revised its roaming services and international outbound calling & SMS services tariffs following the Monetary Policy Statement (MPS) announced by the Governor of the Reserve Bank of Zimbabwe on the 20th of February 2019.
The MPS designated RTGS balances, Bond notes and coins as RTGS dollars, effectively differentiating the same from any other currency within the multicurrency system.
Econet 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. The company claims that ‘this is not a change in tariffs’ as the applicable tariffs for these services remain unchanged. “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,” said Econet in a statement.
NOTICE OF ROAMING & INTERNATIONAL CALLING TARIFF EFFECTIVE 26 FEBRUARY 2019.
The Monetary Policy Statement announced by the Governor of the Reserve Bank of Zimbabwe on the 20th of February 2019 designated RTGS balances, Bond notes and coins as RTGS dollars, effectively differentiating the same from any other currency within the multicurrency system we operate in.
The RTGS dollar is an acceptable legal tender and medium of exchange in Zimbabwe, which trades at an exchange rate as defined on the interbank settlement system. We have certain services that require direct settlement in foreign currency.
1. Roaming Services
2. International Outbound Calling & SMS services
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. This is not a change in tariffs. The applicable tariffs for these services remain unchanged. 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.
The applicable tariffs are as shown on the table below.
