Zimbabwe orders banks to remit forex to cenbank

The government of Zimbabwe has directed commercial banks to remit 75 percent of their foreign currency to the Reserve Bank of Zimbabwe until further notice, bank officials said on Feb 10."There was a directive yesterday to the effect that banks should give 75 percent of their forex inflows to the central bank in addition to 25 percent that was already going to (state oil exporter) NOCZIM," a foreign currency trader was reported to have said, confirming a story in the official Herald newspaper.


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