Zimbabwe central bank eases forex rules for fuel, chrome miners

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FILE PHOTO: People walk past the Reserve Bank of Zimbabwe building in Harare, Zimbabwe, February 25, 2019. REUTERS/Philimon Bulawayo/File Photo

 

Zimbabwe’s central bank said on Wednesday oil firms, chrome miners, embassies and international organisations could conduct local transactions in foreign currencies, as the country battles an acute dollar crunch and soaring inflation.

Last month, Zimbabwe banned the use of foreign currencies in domestic transactions after it made its RTGS currency the sole legal tender, ending a decade of dollarisation.

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