THE GOVERNOR of the Reserve Bank of Zimbabwe has announced that he will be licensing twenty investors for foreign currency exchange and purchasing.
The nominated twenty investors will cover 222 centres countrywide.
The Bureaux de Change have been registered and will commence operations on the 1st of September this year.
They will act as agents for the remittance of Diaspora funds, as well as centres for purchasing foreign currency from clients with access to free funds and investors from abroad.
The initiative is meant to generate foreign currency and is expected to ease the foreign currency challenges currently being faced by the banking sector and the country in general.
samas • n/a Subject: n/a Tue, 02 Sep 2008 17:50:20 • Surely how can people generate forex from buying agents?
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