Zimbabwe’s Central Bank scraps plans to convert earnings to Rand & Euros
Zimbabwe’s central bank has scrapped plans to convert foreign currency inflows from exports into South African Rands and Euros.
Last week, the Reserve Bank of Zimbabwe said it would denominate 40 percent of export earnings into Rands and 10 percent into Euros as part of measures ease a cash crunch currently being experienced.
CCTV’s Farai Mwakutuya has the details.