Zimbabwe’s Central Bank Orders Exporters to Surrender 30% Foreign Currency

THE Reserve Bank of Zimbabwe (RBZ) has compelled all exporters to surrender 30% of their earned foreign currency in exchange for the ZWG at the obtaining interbank exchange rate.

Presenting the Monetary Policy Statement (MPS) premised under the theme, “Fostering Price, Currency and Exchange Rate Stability Through Balancing Confidence, Trust, Credibility, Efficiency, Stability Growth” the RBZ Governor John Mushayavanhu ordered exporters to surrender more US$.

“The foreign currency retention level…