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 […]
Category Archives: Reserve Bank of Zimbabwe
RBZ FREEZES Bank Accounts As Chinese Firm Accused Of Manipulating Forex Rates On Black Market
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 […]
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 […]