[The Herald] A cooking oil shortage is looming in the country following revelations that the sector's producers are failing to secure key raw materials from foreign countries due to the situation with banks' nostro accounts. A nostro account is a bank account held in a foreign country by a domestic bank mainly to facilitate settlement of exchange and trade transactions. However because of declining exports particularly from October last year, local banks nostro accounts have been depleted, a situation which has caused ......
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