Zimbabwe

Zim Reserve Bank brings back Forex incentive to rein in gold smuggling

22 March 2020 - 00:00 By LENIN NDEBELE and MAXWELL CHINGAIRA

The government, through the Reserve Bank, has resolved to reintroduce the 25% forex incentive to gold dealers to curb smuggling.

The incentive was scrapped in 2017 and, as a result, gold miners and buyers have been shunning Fidelity Printers and Refineries - the government's gold-buying company - in favour of illegal syndicates with links to SA and Asia...

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