RBZ turns to IMF windfall
...As exchange rate woes mount
LIVINGSTONE MARUFU The Reserve Bank of Zimbabwe (RBZ) plans to utilise special drawing rights (SDRs) received from the International Monetary Fund last month as well as intensifying the use of letters of credit to stop the haemorrhaging local currency, it has emerged. Zimbabwe received about US$1bn from the global lender which was earmarked to…
