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Home » RBZ defers 90 percent gold retention policy
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RBZ defers 90 percent gold retention policy

written by Adelaide Moyo, Group Managing Editor 0 comments
RBZ governor John Mushayavanhu
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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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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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