Investor Presentaiton

Supportive Monetary Policy Measures In order to support the introduction of local currency the Reserve Bank of Zimbabwe issued the following supporting measures on the 24th June 2019: Banks to transfer to the Reserve Bank the RTGS$/ZWL$s that they are holding as counterpart funds for the foreign currency legacy debt to Government. This measure is expected to mop around ZWL$1.2 billion from the market. Adjustment of the interest rate on the Reserve Bank overnight window upwards from the current 15% per annum to 50% per annum to help fight inflation. Removal of administrative limits on the operation of bureaux de change and the cap on margins on interbank foreign exchange transactions.

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