The Reserve Bank of Zimbabwe (RBZ) has conferred liquid asset status on Zimbabwe Mercantile Exchange (ZMX) warehouse receipts, which gives holders greater financial flexibility.

According to the ZMX, the liquidity asset status means the warehouse receipt has become a tradable and negotiable instrument that can be easily converted into cash.

A Warehouse Receipt is a legal document that provides proof of ownership of a commodity stored in a certified and approved warehouse, providing evidence of quantity, grade and quality of the stored commodity.

A Warehouse Receipt is a legal document that provides proof of ownership of a commodity stored in a certified and approved warehouse, providing evidence of quantity, grade and quality of the stored commodity.