newsday zimbabwe 01 september 2015

We have to do something about it, said Kaseke.
Namibian Airways country the impossible game gratis manager, Forbes Zaranyika, told The Financial Gazette that negotiations were still ongoing.
As foreign airlines, we have a limit in terms of the funds that can be blocked in a country.
At least five global airlines, namely Qantas Airways, Lufthansa, KLM Royal Dutch Airlines, Air France and Delta Airlines instructed travel agents worldwide to bill their passengers in cash or stop accepting bookings altogether to avoid non-settlement of obligations from Zimbabwes banks, which are affected.In March this year, The Financial Gazette reported that foreign currency payments complete guide to lockpicking pdf due to global and regional airlines had reached US30 million.Last week, the International Monetary Fund said Zimbabwe had less than one months forex reserves, below the recommended minimum three months cover.We talked about it last week when we had a meeting with the Zimbabwe Republic Police and other organisations.The central bank is grappling with a foreign payments backlog, which could potentially affect fuel and electricity supplies as well as other vital imports for key economic sectors.So let that process get to its conclusion (but) if it fails then it will be something else, Zaranyika said.We had a good meeting with iata on how we are addressing the backlog, Mangudya said.Kenya Airways country manager, Stella Ndunge, told a tourism conference last week that the airline would pull out of the country if the payment crisis was not resolved.
It is now slightly over US50 million, Kaseke told The Financial Gazette.




In August, the central bank said a total of US57,25 million had been paid to both the International Air Transport Association (iata) and airlines.Once we reach that limit we have no other option but to pull out, Ndunge said.Foreign airlines have at least US50 million in payments stuck in Zimbabwe, with some warning they might be forced to suspend flights into the country.Of that, US43,75 million was paid through the RBZ, with the balance being processed through the banks.He said the backlog was among the issues discussed by State agencies at a meeting convened by ZTA last week.The Reserve max payne 3 crack blackbox Bank of Zimbabwe has, since May 2016, maintained a priority system to allocate scarce foreign currency.This week, Zimbabwe Tourism Authority (ZTA) chief executive officer, Karikoga Kaseke confirmed the escalating airline payment crisis.Association of Zimbabwe Travel Agencies president, Betty Katiyo, fears the foreign currency crisis would have far reaching implications on the operations of the travel industry.It is being addressed through a gradual payment arrangement that the Reserve Bank discussed and agreed with iata.Major global airlines started tightening screws on liquidity-starved Zimbabwe shortly afterwards, in April.The ZTA chief said current levels of unremitted foreign currency to airlines had sparked anxiety in the industry and government.