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Zimbabwe: Central Bank Acquires U.S.$1 Billion Loans
The Herald, 5 March 2019
The Reserve Bank of Zimbabwe (RBZ) has acquired $985 million in loans from several regional banks for lending to the productive sectors as well as for the purchase of critical… Read more »
Can Zimbabwe Afford Its U.S.$985 Million In New Loans?
The Reserve Bank of Zimbabwe has acquired loans from several regional banks - including among others, the African Export and Import Bank (Afrexim) and the Mozambique Central Bank - to boost the country's production sectors, and the purchase of critical imports such as fuel, the Reserve Bank Governor John Magunye has said.
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Zimbabwe: Central Bank Exposed in U.S.$1 Billion Debt Storm
263Chat, 4 March 2019
The Reserve Bank of Zimbabwe (RBZ) has since 2013 abused the overdraft mechanism to borrow close to a billion dollars without the consent nor knowledge of the Parliament of… Read more »
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Zimbabwe: Central Bank Borrowed U.S.$1 Billion Without Parliament Approval
New Zimbabwe, 5 March 2019
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya was Monday taken to task by Harare MP Tendai Biti's Public Accounts Committee for borrowing close to US$1 billion without… Read more »
InFocus
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The Chinese diamond mining firm, Jinan Mining, was said to have externalised US$546 million through an offshore transaction. Although the matter was reported to police for ... Read more »
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Ordinary Zimbabweans face a bleak festive season as the worsening economic situation marked by company closures and job losses dim the holiday spirit. Read more »
