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*RBZ Eases Forex Rules To Improve US$ Flow In The Country* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ii Zimbabwe’s central bank, the Reserve Bank of Zimbabwe has announced new rules on foreign currencies, a move premised at unlocking $1.3 billion held in banks by exporting companies, individuals and international organisations. In a circular released on Wednesday, the RBZ said that Oil firms, chrome miners, embassies and international organisations in Zimbabwe can use foreign currencies for local transactions. ---------- *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* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- These new rules follow Statutory Instrument 142 of 2019 which outlawed the use of all foreign currencies for domestic transactions. The SI reintroduced the Zimbabwe dollar and declared it the sole legal tender. The circular said that those earning foreign currency would be allowed to buy fuel in dollars and that chrome mining firms and smelters could buy chromium from small scale producers in forex. It read: > To facilitate increased accessibility of fuel in the country and to reduce pressure on the inter-bank foreign exchange market, direct fuel imports are still permissible. > More: Times Lives SA _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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