Published: 31 January 2014

The Reserve Bank of Zimbabwe (RBZ) has given tourism operators an ultimatum to submit tourism receipts amid concern there were rampant leakages of revenue in the sector.

Presenting the monetary policy statement on Wednesday, RBZ acting governor Charity Dhliwayo said the country was experiencing endemic leakages of earnings in the tourism sector particularly with regards to non–consumptive tourism.

In 2012, RBZ and the Zimbabwe Tourism Authority (ZTA) introduced the Tourism Receipts Accounting System (TRAS) in a bid to improve accounting for tourism earnings.

TRAS is a web-based application for recording tourism data and enables non-consumptive tourism operators to submit monthly returns to the RBZ through banks.

Dhliwayo said despite the introduction of TRAS a substantial number of tour operators have not complied.
- newsday

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