Will U.S.$1.5 Billion Facility End Zimbabwe's Cash Crisis?

The shortage of cash is still a reality in Zimbabwe even after President Emmerson Mnangagwa came to power in November 2017. Every measure put in place by the Reserve Bank of Zimbabwe, including the controversial bond notes has failed to stem the crisis - but now Mnangagwa says the Central Bank, working with the Africa Export Bank, has put in place a U.S.$1.5 billion facility earmarked for both liquidity support and provision of guarantees for investments.



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