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Zimbabwe: NMB Suffers ZWG 348 Mln Loss On ZWL Conversion to New Currency

Source link : https://www.afric.info/2024/09/25/news/zimbabwe-nmb-suffers-zwg-348-mln-loss-on-zwl-conversion-to-new-currency/

FINANCIAL services group, NMBZ Holdings Limited says it suffered a ZWG348 million loss early this year when it converted the ZW$ into the new currency. The ZWG was incepted on April 5 2024 as the country’s first ever Structured Currency backed by a host of mineral reserves and a pool of foreign currency which served […]

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Author : AFRICA-NEWS

Publish date : 2024-09-25 08:17:38

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