Tuesday 11 December 2018
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chronicle - 2 month ago

Bank balances to to be at 1:1

Prosper Ndlovu, Business Editor GOVERNMENT has secured a loan facility from the Afreximbank to guarantee the 1:1 convertibility value of Real Time Gross Settlement (RTGS) balances into the United States dollar and availability of the greenback for Nostro foreign currency accounts, The Minister of Finance and Economic Development, Professor Mthuli Ncube, said yesterday. The decision [ ]

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