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RBZ tightens internal bank transfers to stop illicit fx trades

HARARE - The Reserve Bank of Zimbabwe, through the Financial Intelligence Unit, has instructed banks to to limit internal transfers to two per day...

RBZ caps ZIPIT transactions to stop illicit forex trades

Farai Mabeza The Reserve Bank of Zimbabwe’s Financial Intelligence Unit has directed all banks to temporarily review all ZIPIT transaction limits downwards to $20 000...

RBZ charges Ecocash directors for money laundering violations

Farai Mabeza HARARE - The Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU) has brought charges under the Money Laundering and Proceeds of Crime Act...

RBZ directs Steward Bank to limit payments into Ecocash Trust account

Farai Mabeza The Reserve Bank of Zimbabwe has ordered Steward Bank to limits payments into the Ecocash Mobile Money Trust accounts from third parties to...

We are on our own in fighting COVID-19 – Mangudya

Farai Mabeza Zimbabwe is battling to salvage its economy on its own in the wake of the COVID-19 pandemic after being excluded from the emergency...

Separation of accounts to nostro and RTGS invalid: High Court

Staff Writer HARARE – In a judgment, which could have potentially far-reaching implications over the conversion of USD bank balances to RTGS, the High Court...

Ecocash a Ponzi scheme says RBZ, has agents overdraft of ZW$39m

HARARE - Ecocash, a subsidiary of ZSE-listed Cassava Smartech, is engaging in shadow banking and is a Ponzi scheme that is creating fictitious money...

RBZ cuts key rate for the 2nd time to improve stimulus

HARARE (FinX) - The Reserve Bank of Zimbabwe lowered its key policy rate for the second time since the Covid-19 outbreak and the third...

Alternative prescriptions to the currency crisis: Restore policy confidence and credibility

Samuel Mapuranga Zimbabwe’s five-year de-dollarization strategy leading up to the year 2024, which was un-procedurally released on Wednesday revealed that the country would phase out...

RBZ completes blocked funds validation

HARARE – The Reserve Bank of Zimbabwe has announced that it has completed the validation of foreign exchange applications submitted under the blocked funds...

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