Reserve Bank of Zimbabwe RBZ internal transfer ban

RBZ makes a U-turn on number of internal transfers per day

The Reserve Bank of Zimbabwe has made a U-turn from the Directive which instructed banks to limit customer's internal transfers to just 2 per day. The removal of the Directive means customers can now do more than 2 internal transfer transactions per day. The Directive was reportedly lifted after the Banker's Association of Zimbabwe intervened … Continue reading RBZ makes a U-turn on number of internal transfers per day

Moneychanger US dollar Zimbabwe Dollar

RBZ’s FIU will arrest people who advertise forex trading deals on WhatsApp

The Financial Intelligence Unit has upped the ante in its fight against illegal foreign currency trading by warning moneychangers that they will be arrested if they advertise or participate in selling forex on WhatsApp. In a statement, the Reserve Bank of Zimbabwe's Financial Intelligence Unit said: The Financial Intelligence Unit (FIU) has been monitoring social … Continue reading RBZ’s FIU will arrest people who advertise forex trading deals on WhatsApp

EcoCash Agent transaction ban

More misery for EcoCash Agents as RBZ bans Agent to Agent transactions

Word on the street is that EcoCash has started barring Agent to Agent transactions, Agent to Bulk transactions, Bulk to Agent transactions and Bulk to Bulk transactions. The message sent to some EcoCash Agents confirms that the 4 transactions have been banned as per the Financial Intelligence Unit's Directive. The message read: Dear Partner. Agent … Continue reading More misery for EcoCash Agents as RBZ bans Agent to Agent transactions

Reserve Babe of Zimbabwe Financial Intelligence Unit

RBZ corners moneychangers by limiting daily internal bank transfers

The Financial Intelligence Unit's is upping the tempo in its fight against the black market. Today, the Reserve Bank of Zimbabwe's Financial Intelligence Unit has instructed banks to limit the number of internal bank transfers that customers can do in a single day. The new Directive instructs banks to allow customers to do just 2 … Continue reading RBZ corners moneychangers by limiting daily internal bank transfers