New Zimbabwe forex rule could push miners to the brink
The Reserve Bank of Zimbabwe has announced that exporters must hand over 40% of their foreign currency earnings, up from 30%
28 January 2021 - 15:28
Harare — Mining companies in Zimbabwe said a central bank requirement compelling them to surrender more foreign exchange earned from mineral exports will push their operations to the brink.
The Reserve Bank of Zimbabwe announced on January 8 that exporters must hand over 40% of their foreign currency earnings, up from 30%, which is then paid out in the local currency...
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