RBZ battles to clear forex backlog
LIVINGSTONE MARUFU The Reserve Bank of Zimbabwe (RBZ) is battling to clear a foreign currency allocation backlog of about US$75m, forcing companies to source the greenback from the parallel market to fund importation of raw materials, the Confederation of Zimbabwe Industries (CZI) has said. CZI president Kurai Matsheza told Business Times that it takes up to…
