RBZ rejects upwards review of forex retention

RBZ rejects upwards review of forex retention
Published: 15 September 2017
RBZ has rejected a request from platinum and chrome producers to have their foreign currency retention threshold increased from 20 percent, but assured them of timely disbursements of hard currency upon request to facilitate external payments.

Last month the RBZ directed the miners to surrender 80 percent of their earnings to the central bank as the country continues to struggle with a shortage of hard currency.

Platinum and chrome miners used to retain half of their foreign currency earnings. 
- Business Weekly
Tags: RBZ,

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