Zimbabwe says to lift forex directive on Feb 15

The Reserve Bank of Zimbabwe said on Feb 12, 2001 a directive to commercial banks to sell all foreign currency from clients' export earnings to the central bank or the state oil company would be lifted on Feb 15. "This directive has been issued as a temporary measure only and will be effective up to 15 February 2001. It is simply designed to raise foreign exchange required to meet urgent government foreign commitments," the Reserve Bank said in a circular to commercial bank executives on Feb 12

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