The Reserve Bank of Zimbabwe (RBZ) says it will soon roll out a rescue package for export oriented companies to increase foreign currency inflows.
Exporting oriented companies with a potential to generate more foreign exchange are likely to get a massive boost in terms of their operations with the RBZ deputy governor Dr Khupukile Mlambo confirming to the ZBC News on the sidelines of the 2017 Zimbabwe Accountants Conference in the capital that plans are at an advanced stage to introduce the scheme.
“It is coming we are just finalising the key modalities and other possible measures,” he said.
An improvement in foreign exchange earnings for Zimbabwe depends on the ability by exporting firms to access funding at cheaper rates, according to public accountants and auditors chairperson, Mr Brian Njikizana.
“We are also focusing on the key determinants of production to unlock more value in this economy,” said Mr Njikizana.
Exports are an important element in unlocking foreign exchange which is needed in sustaining requirements by industry and commerce.