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

Moneychanger US dollar Zimbabwe Dollar

RBZ out to end moneychangers honeymoon with a “formal market based forex trading system”

The recent Monetary Policy Committee (MPC) meeting came up with a resolution that will not go down well with moneychangers a.k.a foreign currency illegal traders. The Reserve Bank of Zimbabwe's will force moneychangers out of business by leaving the exchange rate to be determined by market forces instead of the central bank imposing a fixed … Continue reading RBZ out to end moneychangers honeymoon with a “formal market based forex trading system”

Man holding Zimbabwe dollar

You will get arrested if you show off cash on social media – Mangudya

You may need to think twice before you flaunt that stack of money on social media otherwise you will be in for it with the law enforcement authorities. This was revealed by the Reserve Bank of Zimbabwe's Governor, Dr. John Mangudya. Dr. Mangudya revealed to Sundaynews that folks who find joy in flaunting their cash … Continue reading You will get arrested if you show off cash on social media – Mangudya

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