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*Businesses Fail To Get Forex From Interbank Market* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ys The business community in Bulawayo has raised concern over the unavailability of foreign currency from the interbank market. The Reserve Bank of Zimbabwe governor John Mangudya said that firms that claim not to have foreign currency are unable to but buy it at the 2,5 rate. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- However, Confederation of Zimbabwe Industries (CZI) Matabeleland chapter president Joseph Gunda said there is no foreign currency in the banks. Said Gunda: > The current challenge following the monetary policy announcement is that industry cannot access the forex. The seed money that we were told was made available to the banks, very few, if any, have accessed it. > I have been talking to my colleagues and no one has said they have accessed that money. Was talking to one colleague earlier on, he says he went to his bank and was told that all the money has been utilised by pharmaceuticals, about $2 million from one bank. > So I was just saying so pharmaceuticals took $2 million, so we should then have all our pharmacies fully stocked with medicines. *Related:* *Companies Struggling To Buy Forex At Official Rate – Mangudya* *More: Newsday* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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