Zimbabwe Chamber of Mines pushes government to lift strict policy
Miners compelled to sell 40% of foreign currency to Reserve Bank
07 March 2021 - 15:58
Zimbabwe’s Chamber of Mines says it has opened talks with the government to push authorities to repeal regulations that compel miners to sell 40% of their foreign currency to the Reserve Bank of Zimbabwe (RBZ).
Under the regulations, announced in January, exporters are required to sell 40% of export earnings to the central bank, up from the previous 30%, in exchange with the local currency...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.