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Additional US$400 million for Nostro Stabilisation

RESERVE Bank of Zimbabwe governor, John Mangudya, yesterday disclosed that the central bank is working on an additional US$400 million nostro stabilisation facility to deal with delays in the processing of foreign payments. During 2017, the central bank made nostro facilities amounting to US$1,1 billion available to fund critical imports such as fuel, electricity, medicines, […]

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