The Grain Millers Association of Zimbabwe (GMAZ) has written to the Reserve Bank of Zimbabwe (RBZ) warning that it needs foreign currency urgently as the wheat supply is now for three weeks only. Part of the letter reads,
I regret to advise, however, that supplier of the first ship berthing in Beira circa June 14, 2018, is insisting on full payment of $11,25 million for the 30 000 metric tonnes of wheat…It is of national security that the promised payment to Holbud Limited be made on or before June 8 (today) without failure to allow continued supply.
National Bakers’ Association president, Ngoni Mazango said,
We are yet to engage the millers to have full information of what is at hand. What we know is we are expecting wheat from the Canadian suppliers, that’s all I can say.
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The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe