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.
(280 VIEWS)
A friend who knows about my legal battle with Zimbabwe’s richest man, Strive Masiyiwa, way…
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,…
