Exporters reject rail's hard currency demands

WHILE THE National Railways of Zimbabwe continues to spew money in all directions, its demand for exporters to pay freight bills in hard currency has met resistance. Supposed permission from the Reserve Bank has turned out to be authority to open a foreign currency account only and exporters are still refusing to buckle. "We are paying in local currency until such time as the Reserve Bank tells us to pay in hard currency," said a mineral exporter, "and then we will decide what to do." The railways have scurried back to the Reserve Bank to ask for approval, but so far nothing has been forthcoming.