Zimbabwe central bank says it secures $500 million to ease dollar shortages

Zimbabwe central bank says it secures $500 million to ease dollar shortages

Zimbabwe central bank says it secures $500 million to ease dollar shortages

By / Finance / Sunday, 19 May 2019 23:30

Zimbabwe's central bank has secured a $500 million loan from unspecified international banks to support interbank currency trading from Monday and ease a dollar crunch that has brought fuel and medicine shortages, Governor John Mangudya said.

The central bank introduced a new local currency in February, the RTGS dollar, and launched an interbank trading platform where businesses and individuals could buy and sell U.S. dollars.

 

Read more at Investing.com.

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NexPro Media Staff

NexPro Media Staff

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