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.
(264 VIEWS)
The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…
Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…
Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…
The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…
An Indian think tank has described Starlink, a satellite internet service provider which recently entered…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…