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*FULL TEXT: RBZ Statement On Access To Forex By SMEs & Individuals Through Bureaux de Change* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ru Statement by Reserve Bank of Zimbabwe (RBZ) Governor John Panonetsa Mangudya on the enhancement of access to forex by small-scale enterprises and individuals through the bureaux de change. > ENHANCEMENT OF ACCESS TO FOREIGN EXCHANGE BY SMALL-SCALE ENTERPRISES AND INDIVIDUALS THROUGH BUREAUX DE CHANGE > Pursuant to the resolution of the Monetary Policy Committee directing bureaux de change to actively participate in the foreign exchange market to meet the foreign currency needs of small-scale enterprises and individuals, the Bank shall, with effect from 21 April 2021, sell foreign currency to registered bureaux de change for on-selling to their customers. > The bureaux de change must comply with the agreed terms of engagement which Include supporting small transactions up to a maximum value of US$500 per transaction. > All transactions by participating bureaux de change will be monitored through the Bureau de Change Transaction Reporting System put in place by the Bank. > This arrangement is expected to improve the efficacy of the foreign exchange market in the country and enhance the accessibility of foreign currency by small-scale enterprises and individuals through formal channels. _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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