We have secured enough forex to prevent shortage of cooking oil and fuel - Mangudya

Reserve Bank Governor (RBZ), John Mangudya has said the central bank has secured enough foreign currency to ensure that there will be no shortages of cooking oil and fuel. Addressing stakeholders at the Confederation of Zimbabwe Industries (CZI) Mangudya said:

We have assured the producers of cooking oil that there is sufficient foreign currency for them to produce what is required by the economy so it will be there soon and we have also arranged letters of credit so that there will be enough cooking oil and fuel in this economy.

Now the government has opened up through ZERA and Ministry of Energy that fuel tanks are now allowed to be filled during the night such that there will be sufficient fuel supply, long back they used to say the tanks will only be filled from 6 am to 6 pm and now it has changed.

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