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*We Have Secured $600m Nostro Stabilisation To Last Us For Next 8 Months* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?xh Reserve Bank of Zimbabwe (RBZ) governor John Mangudya on Wednesday said that the US$600 million nostro stabilisation facility from the African Export-Import Bank (Afreximbank) will prevent the shortage of foreign currency for the next 6-8 months. This comes as the country is battling critical foreign currency shortages. Said Mandugya: ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- > This facility will last us for six to eight months because, during the tobacco season, we received only US$320 million in tobacco foreign receipts and this lasted for six months. We could have asked the Afreximbank for US$300 million nostro stabilisation but due to the increased demand for foreign currency in the economy, we settled for US$600 million. More: Financial Gazette itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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