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Home » Exchange controls choke insurers
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Exchange controls choke insurers

written by Omega Ukama 0 comments
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ZIMRE Holdings (ZimRe) says Zimbabwe’s insurance industry is likely to face challenges discharging obligations following the ban on policies denominated in foreign currency. In September, the Insurance and Pensions Commission of Zimbabwe (IPEC) issued a circular directing, among other measures, that existing foreign currency denominated policies be run-off to their natural expiry date. This was…

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