Zimbabwe increases how much foreign currency you can keep after exporting

Zimbabwe’s government has increased how much foreign currency you can retain after getting export proceeds.

As part of incentives for exportation, all exporters can now retain 80% of their foreign currency, up from 60%.

Exporters licensed under Special Economic Zones, will keep 100% of their proceeds up from 60%. The same will apply to those who are listed on the Victoria Falls Stock Exchange.

Gold producers who provide above their monthly deliveries to Fidelity Printers and Refinery will also benefit from the 80% retention.

The government is also focusing on making sure exports are less on unprocessed content than that which has been beneficiated locally.

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