RBZ Imposes New Limits On ZIPIT Transactions As It Battles To Throttle Forex Black Market

RBZ Imposes New ZIPIT Limits   The Reserve Bank of Zimbabwe (RBZ) has imposed new limits on ZIPIT transactions in an effort to throttle the foreign currency exchange black market. The central bank through the Financial Intelligence Unit (FIU) has directed all banks to lower daily and monthly ZIPIT limits. According to the monetary authorities, […]

EcoCash Boss Natalie Jabangwe Being Charged Under Money Laundering Act For Fuelling Black Market

EcoCash Boss Natalie Jabangwe Being Charged EcoCash Boss Natalie Jabangwe (Image Credit: Thrive Global)   The Reserve Bank of Zimbabwe (RBZ) is charging EcoCash bosses under the Money Laundering Act for allegedly fueling illegal foreign currency dealings on the black market. The Financial Intelligence Unit is charging EcoCash CEO Natalie Jabange and EcoCash Director Eddie […]