Zimbabwe: RBZ Resolves Gold Forex Crisis

Reserve Bank of Zimbabwe (RBZ) governor, Dr John Mangudya, yesterday said the bank found a sustainable way to manage funds required to make consistent US dollar cash payments to small gold miners.

This came after RBZ unit, Fidelity Printers and Refiners, failed to pay small scale gold miners in the last two weeks, as limited flights into Zimbabwe, due to Covid-19, had affected the smooth importation of hard currency cash required to pay the miners.

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