Zimbabwe secures US$200m credit facility

• Zimbabwe mulls new currency

• Zimbabwe's inflation slows by 1000%

• Zim levies duty in forex for underwear imports

• Zim devalues currency, raises tax free threshold

• Zimbabwe's inflation rockets to 7 634%

• RBZ unveils $200,000 dollar bill

• Gary Rusike: Should Zimbabwe adopt the rand?

ZIMBABWE’S central bank Governor Gideon Gono said on Monday the southern African nation had secured a $200 million credit facility to boost fuel imports.

Zimbabwe is in a severe economic crisis, marked by annual inflation of about 6,600 percent, unemployment of more than 80 percent and chronic shortages of foreign currency and fuel.

"We are pleased to announce that $200 million in favourable lines of credit under a revolving facility has been secured for fuel importation," Gono said in a televised monetary policy speech. - Reuters

JOIN THE DEBATE ON THIS ARTICLE ON THE NEWZIMBABWE.COM FORUMS
newsdesk@newzimbabwe.com