The government is asking OMCS to import petroleum Products at the cost GRZ cannot afford. At the same time GRZ is telling OMCS not to increase fuel pump prices. WHO IS FOOLING WHO.
From my personal experience in dealing with multilateral international disbursements of funds around the world, a letter of Credit is only strictly issued against cash, which must be in the issuing Bank’s client account (GRZ).
COMMENTS
The government is asking OMCS to import petroleum Products at the cost GRZ cannot afford. At the same time GRZ is telling OMCS not to increase fuel pump prices. WHO IS FOOLING WHO.
Mr Kalaba, maybe can give us an explanation now that he not a seating minister.
Kindly Sir, the nation awaits your explanation.
From my personal experience in dealing with multilateral international disbursements of funds around the world, a letter of Credit is only strictly issued against cash, which must be in the issuing Bank’s client account (GRZ).