John Mangudya

RBZ vows to clear US$175m allotment backlog by monthend

Source: RBZ vows to clear US$175m allotment backlog by monthend – NewsDay Zimbabwe BY KUDZAI KUWAZA THE Reserve Bank of Zimbabwe (RBZ) says it will clear the US$175 million foreign exchange allotment backlog within a month. The delay in allocating the foreign currency on the auction market which began in June last year has led […]
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RBZ backs down on exporters’ free funds 

Source: RBZ backs down on exporters’ free funds – NewsDay Zimbabwe BY TAURAI MANGUDHLA THE central bank has made a raft of major reforms to stabilise the foreign exchange market, including immediately scrapping the much-loathed compulsory requirement to liquidate unutilised export proceeds within 60 days. This came after industry raised concerns over the compulsory liquidation […]
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