Exporters slam forex retention policy

The RBZ said the banking sector reported an aggregate non-performing loan to total loans ratio (NPL) of 2,9 percent as of June 30, 2025 compared to 3,4 percent as at December 31, 2024.

EXPORTING companies say the five-percentage point increase in foreign currency surrender threshold to 30 percent by the government last month has put a heavy discount on operations and they want it reduced to improve competitiveness.Advertisements  The new measures dictate that exporting companies will now retain 70 percent of their foreign currency proceeds with the remainder…

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