RBZ defers 90 percent gold retention policy

RBZ governor John Mushayavanhu

THE Reserve Bank of Zimbabwe (RBZ) has temporarily suspended the 90 percent export retention threshold for small-scale gold miners, citing significant operational challenges and banking bottlenecks. Last month, the central bank announced that artisanal and small-scale gold miners were set to receive 90 percent of their proceeds in foreign currency, with the remaining 10 percent…

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