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Home » RBZ guarantees forex for ZiG-paid contractors
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RBZ guarantees forex for ZiG-paid contractors

written by Adelaide Moyo, Group Managing Editor 0 comments
RBZ governor John Mushayavanhu
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THE Reserve Bank of Zimbabwe (RBZ) has assured state contractors that it has sufficient foreign currency inflows and reserves to meet US dollar demands following the treasury’s decision to pay them exclusively in ZiG. This comes amid widespread fears that the wholesale payment of contractors in ZiG could disrupt the recent exchange rate stability. To…

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Adelaide Moyo is a business and financial journalist based in Zimbabwe. With a keen eye for detail and a deep understanding of market complexities, Adelaide consistently breaks down complex financial concepts and business trends into accessible, compelling narratives for a diverse readership. She specialises in areas such as macroeconomics, corporate finance, investment, and the critical issues impacting Zimbabwe's economy, including currency volatility, the informal sector, climate change, and illicit trade. Adelaide is a recipient of national awards for her reporting in different sectors of the economy. She is also a member of the Oxford Climate Journalism Network.

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