Zimbabwe Orders Miners To Bank Locally – paper
Mines Minister Obert Mpofu told theSunday Mail that cabinet last week had decided to tell mining companies to bring back earnings from their Zimbabwe operations which were deposited in offshore accounts.
“We have been liberal. It does not make sense that mining companies are operating in the country and keeping money in offshore accounts,” Mpofu told the Mail.
“An order has been issued and they should all bring the money back into the country because the economy is now dollarised.”
COTINUE READING:
Link: http://www.miningmx.com/news/markets/Zimbabwe-orders-miners-to-bank-locally-paper.htm
Short URL: http://woodlawnpost.com/?p=42941
Posted by WoodlawnPost
on Mar 20 2012. Filed under Banking, Currency, Platinum Group Metals.
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