THE Zimbabwe Mercantile Exchange (ZMX), which facilitates the buying and selling of a wide range of agricultural products, says the Warehouse Receipt Instruments issued under the ZMX Warehouse Receipt System have been conferred with Liquid Asset Status by the Reserve Bank of Zimbabwe (RBZ).

A liquid asset is an asset that can be easily converted into cash in a short amount of time. Liquid assets include things like cash, money market instruments, and marketable securities.

“Zimbabwe Mercantile Exchange (Pvt) Limited (ZMX) is pleased to advise stakeholders that Warehouse Receipt Instruments (issued under the ZMX Warehouse Receipt System) have been conferred with Liquid Asset Status by the Reserve Bank of Zimbabwe (RBZ),” said ZMX in a statement.