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Views Article – Sharenet Wealth

Africa, Forex

Zimbabwe central bank eases forex rules for fuel, chrome miners

HARARE (Reuters) – Zimbabwe’s central bank said on Wednesday oil firms, chrome miners, embassies and international organisations could conduct local transactions in foreign currencies, as the country battles an acute dollar crunch and soaring inflation.

Last month, Zimbabwe banned the use of foreign currencies in domestic transactions after it made its RTGS currency the sole legal tender, ending a decade of dollarisation.

(Reporting by Nelson Banya; Editing by Gareth Jones)


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