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Zimbabwe Obtains Loan To Fund Forex

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The Niger State Government has obtained N675 million loan from a commercial bank to fund the state’s House of Assembly community social service projects across the 27 We received the request long ago and the government just secured the loan from the commercial Bank after much negotiations".

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Zimbabwe. Foreign Currency Accounts (FCAs) shall remain in place for purposes of receiving offshore funds and to facilitate foreign payments. Several Foreign Currency Accounts such as remittances.

State-owned Agribank says it is struggling to pay up to $30 million in loans secured from South Africa-based Industrial Development Corporation (IDC) due to foreign currency shortages. to access.

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HARARE (Reuters) – After defying economic gravity for a year, zimbabwe. quasi-currency notes are meant to be equivalent to dollars issued by the U.S. Federal Reserve but they are now worth less.

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