Exporting agricultural businesses are required to surrender 25% of their export proceeds to the Reserve Bank of Zimbabwe (RBZ) in exchange of the local unit. “The economic environment continued to be challenging, especially so for exporting agricultural businesses as the 25% RBZ export retention co...
The announcement was made in the central bank’s February 2023 monetary policy statement (MPS) released yesterday. “Export retentions have been increased and standardised at 75% across all sectors, including firms listed on the Victoria Falls Stock Exchange,” central bank governor John Mangudya sa...