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 […]