Zimbabwe: Legislators Question RBZ Debt Bill

3 February 2015

Legislators in the Finance and Economic Development Committee called on Government to urgently audit the amount the Reserve Bank of Zimbabwe owes its creditors amid indications that some figures contained in the RBZ Debt Management Bill presented to Parliament last week were inflated by up to 2 500 percent.

The RBZ Bill seeks to authorise Government to take over the RBZ debt accrued as at December 31, 2008 and currently stands at approximately $1,35 billion.

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