Furious RBZ Responds To Reports That It Is Printing Money Secretly Again

RBZ Responds To Reports That It Is Printing Money Again RBZ Responds To Reports That It Is Printing Money Again   The Reserve Bank of Zimbabwe has dismissed reports that it is once again printing money which has resulted in the collapse of the local currency which was reintroduced last year. This follows an article […]

Furious RBZ Threatens To FREEZE Bank Accounts As FOREX RATE Starts Spiking Again

RBZ Threatens To Freeze Bank Accounts  Governor John Mangudya’s RBZ Threatens To Freeze Bank Accounts   The Reserve Bank of Zimbabwe (RBZ) has threatened to freeze more bank accounts after the foreign currency exchange rates on the black market started rising this week. In a strongly-worded statement, the central bank threatened to freeze the accounts […]

Special People Don’t Have Cash Withdrawal Limits – Mangudya Speaks On Mega Withdrawals Of $44 000 & $15 000

Cash Withdrawal Limits Don’t Apply To Everyone   Reserve Bank of Zimbabwe (RBZ) governor John Panonetsa Mangudya has said that cash withdrawals do not apply to everyone as some have special exceptions. Mangudya’s comments come after outraged Zimbabweans questioned how Ecobank and CBZ allowed certain customers to withdraw $15 000 and $44 000 in cash […]

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 […]