Banker Moyo feels safe to continue lending in forex

NEDBANK Zimbabwe managing director Sibongile Moyo feels safe to continue lending in United States dollars despite uncertainty over its continued use.

The uncertainty around its continued usage comes as President Emmerson Mnangagwa, who had initially extended the use of the multicurrency regime to 2030, hinted that the country could move to a monocurrency regime earlier.

This uncertainty has led to banks taking a cautious stance in distributing long-term foreign currency loans.

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