Zimbabwe has enough foreign currency for businesses to meet their foreign payments if the interbank starts operating efficiently, Secretary for Finance and Economic Development Mr George Guvamatanga has said.

He said Zimbabwe was generating over US$1,2 billion per year in export proceeds, which should be enough to oil the operations companies if taken to the interbank market.

Mr Guvamatanga said this on Tuesday night during a ZBCTV programme, Face The Nation.

“Once we get the interbank operate efficiently, there is enough foreign currency for everyone. The only problem is that at the moment it (forex) has been inefficiently allocated,” said Mr Guvamatanga.

-State Media