Famed Cullinan Mine Banks On Big Diamonds To Drive Down Debt - News Summed Up

Famed Cullinan Mine Banks On Big Diamonds To Drive Down Debt


I knew that Mnangagwa wasn’t going to be great but I didn’t expect things to be this bad. Amid foreign currency shortages, in 2016, it introduced the bond note which the government claims is equivalent to the US dollar. The government is encouraging people to bank their foreign currency. It says it has now started foreign currency bank accounts which it claims are safe. If you want to import necessary raw materials or equipment, it’s difficult to get foreign currency.


Source: The North Africa Journal February 18, 2019 03:33 UTC



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