Airlines getting foreign currency

Airlines getting foreign currency
Published: 02 May 2018
The Reserve Bank of Zimbabwe (RBZ) is fulfilling its obligation to release money to airlines for remittances repatriation, but acute foreign currency shortages continue to slow the progress in clearing the backlog.

There has been constant engagement between airlines, International Air Transport Association (IATA) and the RBZ over repatriation of funds for airlines.

In November last year, central bank chief John Mangudya agreed to settle outstanding hard currency payments through a gradual payment arrangement after IATA raised a red flag over the issue.
- Zim Ind
Tags: Airlines,


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