September 19, 2023

Banks to use FNB, Afrexim for international clearance

THE Bankers Association of Zimbabwe says most local financial institutions are expected to opt to use an African gateway created at South African Bank, FNB and Afreximbank for international clearance. The development comes as Zimbabwe has, over the years, been deserted by several correspondent banks. According to the Reserve Bank of Zimbabwe (RBZ), the country…

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