Monetary Policy Statement highlights
$20 million gold development initiative for small-scale miners;
Bond notes to start circulating by end of October and in smaller denominations of $2 and $5;
Bond notes equivalent to $75 million to be in circulation by end of December;
$10 million horticulture or floriculture pre and post shipment facility;
Incentives for inflows from the Diaspora introduced;
External debt arrears clearance by December 31, 2016,
Resuscitation of the credit guarantee scheme;
Threshold for external loans without RBZ approval increased to $20 million;
Microfinance institutions interest rates reduced to 10 percent;
Credit guarantee scheme resuscitated;
Offshore financial centre to be established;
Plastic money transactions increase to $5,5 billion in July from $4,1 billion in January.
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