THE Reserve Bank of Zimbabwe(RBZ) has, with immediate effect, ordered that all #EcoCash agents are barred from carrying out cash-in and cash-out transactions, saying the facilities were being abused to carry out illegal selling of cash at high cost to the public.
For the first time since EcoCash was launched in 2011, partly as a response to a cash crisis, users won’t be able to cash-in and cash-out after this new RBZ attempt to control agents’ premiums on cash and illegal forex trading.
Blackmarket currency trading has been on high note since the fall of Robert Mugabe in November 2017.
The RBZ has been confirmed by state owned broadcaster ZBC through their twitter hadnle.
zwnews
Kaizer Chiefs coach Cedric Kaze has urged patience and composure after the club’s poor run… Read More
Kaizer Chiefs have suffered a major setback with two experienced players injured. Both Brandon Petersen… Read More
Premier Soccer League giants Kaizer Chiefs have reportedly set their sights on Nigeria international goalkeeper… Read More
Kaizer Chiefs’ preparations for the Soweto Derby were severely disrupted before kick-off, a reality that… Read More
Kaizer Chiefs registered a second successive victory in the CAF Confederation Cup group stages after… Read More
Across Africa, vehicle buyers and importers are discovering a new way to connect — through … Read More