The Sunday Mail (Zimbabwe)

Highlights . . .

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◆ Lending by banks to Government and private sector temporaril­y suspended.

◆ Compensati­on for loss of value of bank deposits during 2019 currency changeover.

◆ to settle all foreign currency RBZ allotments within 14 days.

◆ Dual currency system to continue.

◆ The quarterly reserve money growth reduced to zero percent per quarter.

◆ Local currency transfers to continue attracting 2 percent IMMT tax.

◆ Foreign currency transfers to attract 4 percent IMMT tax.

◆ Cash withdrawal for amounts above US$1 000 to attract 2 percent levy.

◆ Financial Intelligen­ce Unit to enhance monitoring of financial transactio­ns.

◆ Government to open up public transport system for other players.

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