RBZ to build FX reserves

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says the government will soon start setting aside part of the country’s export proceeds to build up foreign currency reserves.Advertisements According to Treasury, Zimbabwe’s international reserve position has been averaging 0,7 months of import cover, far below the global benchmark of three months and its desired target…

Subscribe to read full article. Subscribe today

Related posts

AfDB approves US$4 million grant for Zimbabwe debt clearance

Global glut suffocates growers of green gold

MMCZ bullish on US$3,5 billion sales 

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