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.
(173 VIEWS)
The United States lost its place as the most influential global power in Africa last…
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…
The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…
Zimbabwe’s new currency today fell against the United States for the first time since its…
Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market…
One bane of recent public discourse in Zimbabwe is not only that it is never…
