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Zim Reserve Bank soothes jittery investors

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Harare - The Reserve Bank of Zimbabwe (RBZ) has reassured foreign investors that remittance of capital is a top payment priority, and that payments will still be made in United States dolllars.

In a joint statement with the Zimbabwe Stock Exchange (ZSE), the RBZ said its Exchange Control Guidelines and Compliance Framework emphasises that the remittance of capital, capital repatriation and dividends is in the first priority category of payments “to ensure that foreign investors on the ZSE are not disenfranchised access to their capital”.

The RBZ also assured investors that the ZSE will continue to settle all transactions in dollars, and that this position will not change when the bond notes are introduced.

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