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Banks demand guarantees for forex loans - The Zimbabwe Independent

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Banks have been the subject of rebuke since July, when the permanent secretary in the Ministry of Finance and Economic Development, George Guvamantanga disclosed that while industries were battling to raise up to US$2 billion for rebuilding bleeding companies following a prolonged meltdown, at least US$1,7 billion was locked up in their vaults.

The post Banks demand guarantees for forex loans appeared first on The Zimbabwe Independent.

Source: The Zimbabwe Independent - The Leading Business Weekly

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