THE Reserve Bank of Zimbabwe (RBZ) has started a process of reviewing its US$1,2 billion legacy debts, with a view of engaging “willing creditors on haircuts”, officials say.
This comes as a number of firms, including Delta Corporation (Delta) and National Foods (NatFoods), have said that they anticipated a review of the one-on-one payment or compensation policy and complained about delays in dealing with the blocked funds issue, as foreign currency shortages persist.
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