The ban on the Reserve Bank of Zimbabwe borrowing foreign currency was issued in a statement by Mnangagwa late Thursday. theSun theSundaily Zimbabwe foreigncurrency WorldNews
: Zimbabwean President Emmerson Mnangagwa has stopped the country’s central bank from borrowing foreign currency as the country struggles with inflation which has eroded the value of the local currency, reported Anadolu.
The ban on the Reserve Bank of Zimbabwe borrowing foreign currency was issued in a statement by Mnangagwa late Thursday. Recently the Zimbabwean government came up with new measures to curtail rampant inflation, including transferring some functions of the central bank to the Finance Ministry.
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