RE: EPO problems ?27 Nov 2019 13:37
Lots of companies facing challenges in ZIM just now... this is from the FJET RNS just released...
"On 22 February 2019 the Reserve Bank of Zimbabwe formally announced the introduction of a new domestic currency which effectively devalued its domestic US dollar denominated assets and liabilities including cash balances. At the same time, it introduced an interbank exchange rate of RTGS$ 2.500 = US$1.00.
Since March 2019, due to the above changes, the RTGS$ to US$ exchange rates via interbank market have devalued significantly from the starting RTGS$2.500 to a current interbank market mid-rate of RTGS$ 16.11 as of 22 November 2019. This has driven a significant domestic inflation running to over 200%. "
So, I guess dealing with ZIM is very problematic... especially with the currency situation and inflation rates...