IT is hereby notified that the Minister of Transport and Infrastructural Development, has in terms of section 23A of the Road Traffi c Act [Chapter 13:11], made the following notice:—
1. (1) This notice may be cited as the Road Traffic (Prescribed for Statutory Policies of Insurance) Notice, 2020.
(2) The increase by this notice of the amounts specified in sections 23(3), 38B(1) and 38C of the Act shall not have effect in relation to any statutory policy issued before the date of commencement of this notice, until the end of the current term of that policy.
Policies may be payable in foreign currency
2. For the avoidance of doubt, the amounts in this notice are denominated in the United States of America dollars (USD) and may be payable in Zimbabwean currency using the prevailing official exchange rate.