Reserve Bank of Zimbabwe bans cash-in, cash-out facilities

Source: Reserve Bank of Zimbabwe bans cash-in, cash-out facilities | The Herald September 30, 2019

Reserve Bank of Zimbabwe bans cash-in, cash-out facilities

The Reserve Bank of Zimbabwe (RBZ) has banned the cash-in and cash-out facilities for all mobile money platforms, in a move is aimed at curbing the rampant abuse of these facilities by money dealers.

The central bank has also stopped all cash-back facilities.

The directive was issued today by the central bank’s deputy director for financial markets and national payment systems Josephat Mutepfa. – Business Weekly

COMMENTS

WORDPRESS: 2
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    ace mukadota 3 years ago

    RBOZ clueless buffoons most of the time comrades. Why dont they change their name to Circus Zimbabwe Head Office ( CZHO)

  • comment-avatar
    ace mukadota 3 years ago

    If you destroy a free market you create a black market. If you make ten thousand regulations you destroy all respect for the law.
    Winston Churchill