Monetary policy highlights
– Foreign exchange rate liberalised
– Interbank market to be established
– RTGS dollars now part of multi-currency basket
– Currency trade on willing buyer/willing seller basis
-Lines of credit to support foreign exchange regime
– RBZ to support importation of critical goods
– Retained export receipts to be utilised within 30 days
– Nostro FCA settlement platform established
– Prices to remain stable
– New exchange regime to preserve values
– Nostro balances increase 88 percent to $451 million
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