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Platinum
December 6, 20231KViews0Likes0Comments

Zimbabwe is paying $400 million Afrexim Bank debt with platinum exports

Zimbabwe is using the funds generated from its platinum exports to repay a $400 million loan from the African Export-Import Bank, as the financially strained nation leverages its mineral wealth to establish lines of credit. The southern African nation’s reliance on its platinum resources to secure borrowing reflects the difficulty Zimbabwe faces in getting loans from…

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