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Increase foreign currency supply: IMF
Fidelity Mhlanga ·
THE International Monetary Fund (IMF) says Zimbabwe must step up efforts to increase foreign currency supply and allow exporters to sell their earnings directly on the interbank market to improve liquidity.
The Reserve Bank of Zimbabwe (RBZ) introduced the market back in February as part of monetary measures to facilitate the availability of foreign currency and tame a thriving parallel market, but the platform has failed to excite the market with few trades taking place.
Business has on several occasions complained about unavailability of hard currency on the interbank market.
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