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BNY Mellon Municipal Bond Closed-End Funds Announce Redemption of Auction Preferred Stock

BNY Mellon Investment Adviser, Inc. announced today that each of BNY Mellon Municipal Income, Inc. , BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. will...
Mellon Strategic Municipals Inc Mellon Municipal Income Inc York Mellon Corporation Fund Auction Agent Fund Of Variable Rate Munifund Term Preferred Mellon Strategic Municipal Bond Fund Inc

Zimbabwe Banks Struggle to Secure Foreign Currency Amidst Liquidity Crunch

Zimbabwean banks faced significant challenges in acquiring foreign currency during the Reserve Bank of Zimbabwe's (RBZ) wholesale foreign currency auction yesterday, as the market grappled with a severe Zimbabwe dollar liquidity crunch. Only one-third of the available foreign currency, amounting to US$10 million, was purchased by banks for onward sale to their clients out of…
Tinevimbo Shava Lawrence Nyazema Bankers Association Of Zimbabwe Zimbabwe Banks Struggle Secure Foreign Currency Amidst Liquidity Reserve Bank
Source: zimeye.net

50 percent forex corporate tax payment in Zim dollar requirement still in force

HARARE - The Treasury in Zimbabwe has announced that it will not accept foreign currency payments for the 50 percent local currency tax component in order to prevent tax arbitrage. The Finance and Economic Development Minister, Prof Mthuli Ncube, directed taxpayers to settle 50 percent of the foreign currency portion of their corporate tax obligations…
Mashonaland East Mthuli Ncube Economic Development Auction Exchange Rate Economic Development Minister Prof Mthuli Ncube

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Zimbabwe Fin. Ministry says corporation tax payments to be made in local currency

HARARE - The Ministry of Finance and Economic Development in Zimbabwe has announced a new measure to promote the use of the local currency, the Zimbabwean dollar. According to a statement seen by The Zimbabwe Mail, by the ministry, corporate tax payments will now be required to be made in the local currency. The government…
Mashonaland East Economic Development Zimbabwe Mail Payment Date Reserve Bank Financial Intelligence Unit

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