RBZ rolls out measures to stabilize economy

RBZ rolls out measures to stabilize economy

THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya yesterday outlined measures to stabilize the economy while presenting the monetary policy statement. Mangudya said the measures would need to be complimented by government through reducing expenditure Below are some of the key measures announced by Mangudya.     Strengthening the Multi-Currency System by introducing separate FCA accounts for Nostro and RTGS funds. In February 2018, the Bank introduced a policy that requires banks to ring-fence foreign currency for foreign exchange earners that include international organizations, diaspora remittances, free funds, export…

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