Zimbabwean central bank lifts suspension on bank lending


HARARE, May 17 (Xinhua) -- The Reserve Bank of Zimbabwe (RBZ) on Tuesday lifted the suspension on lending which was announced by President Emmerson Mnangagwa at the beginning of May but said companies being investigated for alleged financial misdemeanors would still not be allowed to borrow.

Mnangagwa on May 7 announced a raft of measures that he said would bring back confidence in the use of the local currency, among them a suspension on lending to all entities, including government, corporates and individuals.

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