RBZ chief ‘ignores firms on commercial paper’
...Companies’ tolerance running low
LIVINGSTONE MARUFU Reserve Bank of Zimbabwe (RBZ) governor, Dr John Mushayavanhu, has remained mum on the plan to convert all companies’ outstanding foreign currency auction system allotments into a two-year ZiG denominated instrument or commercial paper at an interest rate of 7.5% annually, it has emerged. This follows the central bank’s decision to…
