Tuesday 13 November 2018
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ebusinessweekly - 19 days ago

Mthuli backs 1:1 US exchange rate . . . $500m enough to back RTGS balances

Africa Moyo Government says it is committed to guaranteeing the 1:1 conversion rate between the US dollar and RTGS balances, adding the $500 million obtained from the Afreximbank to back the conversion rate is adequate. Finance and Economic Development Minister said concerns by critics that the $500 million Afreximbank facility did not match the estimated [ ]

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