RBZ gets tough on exporters

THE Reserve Bank of Zimbabwe will, starting today, suspend documentation of exporters who have at least US$400 000 in unrepatriated proceeds. Advertisements The move, which is meant to enforce compliance with “timely acquittal of export proceeds”, comes after government accused exporting business of stashing US$900 million of their earnings in offshore banks, money which it…

Subscribe to read full article. Subscribe today

Related posts

Power cuts set to be amplified. . . as key generators at Hwange are taken off the grid

US dollar is here to stay, government informed

Tax incentives draining Zimbabwe’s coffers: WB

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More