Mining suppliers are making a push to be paid in foreign currency following the price increases and rejection of the bond note and electronic transfers in the industry.
The interbank rate has not performed to the expectations of the industry and commerce, it has failed to attract foreign currency primarily because of the price. At this particular time, it has happened that the parallel market has continued to attract the market as compared to the interbank.
Please don’t miss our follow up article by Munyaradzi Hwengwere on this issue tomorrow morning.
