Source: Reserve Bank of Zimbabwe bans cash-in, cash-out facilities | The Herald September 30, 2019
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
RBOZ clueless buffoons most of the time comrades. Why dont they change their name to Circus Zimbabwe Head Office ( CZHO)
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