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Airlines threaten pull-out of Zimbabwe





Foreign airlines have at least US$50 million in payments stuck in Zimbabwe, with some warning they might be forced to suspend flights into the country.

Zimbabwe is the grip of a debilitating foreign currency crisis, blamed on a collapsed productive base, widening trade gap and diminishing foreign capital flows.

RBZ has since May 2016, maintained a priority system to allocate scarce foreign currency.

In the latest illustration of the foreign currency, crisis engulfing the country, IATA executives flew into Zimbabwe last week, the second time the global board has held crucial meetings with RBZ in a fortnight, as they battle to find a solution.

Central governor John Mangudya confirmed the meeting yesterday.

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Airlines threaten pull-out of Zimbabwe
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