RBZ digs in on export surrender rules

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RBZ Rserve Bank of Zimbabwe

THE Reserve Bank of Zimbabwe has adopted a firm stance on its export surrender requirements despite persistent concerns from business. This emerged as a key takeaway from an engagement meeting this week between the apex bank and the Zimbabwe National Chamber of Commerce, the details of which were outlined in a report by the latter. While the central bank engaged on a range of pressing economic issues raised by the business-member organisation, its position on exporters relinquishing a portion of their foreign currency earnings remained unchanged.

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