Published: 15 February 2018

The Reserve Bank of Zimbabwe (RBZ) is currently working with the banks to find ways of increasing long term cheaper financing to cushion companies, an official has said.

Responding to questions from journalists in Bulawayo on the sidelines of ZimTrade export financing awareness seminar yesterday, RBZ deputy governor Kupukile Mlambo said there was need to have long term money in the economy for the betterment of the industry.

Mlambo said most of the deposits in banks were short-term in nature and as such could not be disbursed as long term financing.
- newsday

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