THE Reserve Bank of Zimbabwe (RBZ)’s downward review of foreign currency retention thresholds for exporters by five percentage points could compromise the viability of exporting companies, agro-industrial concern, Tanganda Tea Company has warned.
The RBZ governor John Mushayavanhu in his monetary policy statement presented a fortnight ago slashed exporters’ foreign currency retention levels to 70 percnet as part of its efforts to promote the use of the domestic currency in the economy and ensure stability.