Eight financial services firms are before the courts for dishing out over $1 billion onto the streets to buy foreign currency while 30 individuals were named and shamed for promoting and facilitating illegal foreign currency dealings and money laundering.
The individuals have been barred from operating any accounts for two years.
More than 1 600 bids were approved at the auction today with 1180 being in the small and medium enterprise sector and 428 in the main sector.
A total of US$41.1 million was allotted, just over US$3 million less than the bidders had applied for.
Offers ranged from $85 to $97.20.
(261 VIEWS)
Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…
The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…
Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…
Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…
Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…
The government is the biggest loser when there is a discrepancy between the official exchange…