The Ministry of Finance said today that the Reserve Bank of Zimbabwe’s Financial Intelligence Unit had discovered that after the value for money audits ordered by the government before any payments to suppliers, some companies, upon receiving payment, went on to offload the money on the illegal foreign currency market.
Some used the money to purchase fast moving goods which they then sold exclusively in foreign currency.
Below is a statement issued by the ministry today.
(241 VIEWS)
Britain says amendment of the Zimbabwe constitution is a sovereign, legislative matter for Zimbabwe to…
It is now 47 years since I wrote the short story below for a South…
Zimbabwe has released its 2026 monetary policy statement in which it seeks to stabilise its…
Far from it, on paper that is. Ignatius Chombo was one of the longest serving…
Zimbabwe on Thursday announced a ZiG290.9 billion budget with revenue expected to be ZiG287.6 billion,…
The International Monetary Fund says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated…
