Forex withdrawals still permissible

Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya has cleared the air on a number of issues surrounding the abolition of the multi-currency system, among them clarifying that recipients of diaspora remittances and other foreign currency payments can still withdraw their money in hard currency.

Speaking in an interview, Dr Mangudya said non-governmental organisations, embassies and other foreign organisations, will not be affected and will continue paying salaries in foreign currency.

Dr Mangudya also allayed fears of shortage of goods in shops as the interbank market will supply foreign currency for critical imports.