In a bid to improve liquidity in the economy, the Reserve Bank of Zimbabwe has increased the threshold of foreign investors overall ownership on the Zimbabwe Stock Exchange to 49 percent from 40 percent while the single investor limit has been increased to 15 percent from 10 percent.
The central bank will also introduce an open tender system in the trading of Government securities.
Government is issuing Treasury Bills to fund recurrent expenditure and to pay off state-owned company debts. The move comes after calls for Government to open the TBs to foreign investors who may want to expose themselves to the risk.
The Real Time Gross Settlement System platform is also being upgraded to handle other currencies.