RBZ Freezes Bank Accounts The Reserve Bank Of Zimbabwe (RBZ) has frozen the bank accounts of a firm which is allegedly involved in parallel market activities on the EcoCash platform. The freezing of accounts comes a few hours after the central bank issued a strongly worded statement warning entities manipulating the foreign currency rates …
Category Archives: Black Market
CBZ Speaks On $44 000 Withdrawal: Our Hands Are Clean, It Was A Legitimate Withdrawal
CBZ Speaks On $44 000 Withdrawal Local financial institution CBZ seems to be in fire fighting mode after the Reserve Bank of Zimbabwe issued a damning statement alleging that the bank had allowed one customer to withdraw a massive $44 000. This amount is above and beyond the current weekly withdrawal limit of $300 for …