Zimbabwe’s new currency system adequately funded
JOHANNESBURG – Zimbabwe has sufficient foreign currency reserves to sustain the reintroduced foreign currency auction system, the state-run Sunday Mail reported, citing Central Bank Governor John Mangudya.
Mangudya said local lenders have almost $1 billion in their Foreign Currency Accounts (FCA).
“It’s about sufficient resources utilization of resources,” Mangudya was quoted as saying in the Harare-based newspaper.
Source: iol.co.za
