ZIMBABWE’s dry foreign exchange market continued struggling on Tuesday to cope with importer demand largely from state companies, dealers said. “We are still struggling and most of the money is going to Noczim as per the central bank directive, which came at a time when the market was already too short,” one dealer said. He was alluding to a notice the Reserve Bank of Zimbabwe sent out to banks instructing them to give priority to debt-ridden state fuel importer Noczim and electricity utility Zesa’s import needs. On Monday fuel suppliers said they were running short of petrol and diesel because Noczim had stopped deliveries due to the severe foreign currency crisis.
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