Retailers and Wholesalers accused of selling cash

Wholesalers and retailers have been accused of taking advantage of the current cash shortages by selling cash to desperate people.  Some fuel stations are alleged to have joined in this opportunistic business by declining electronic money in order to get more cash for resale.

Speaking at an Institute id Chartered Accountants of  Zimbabwe, George Guvamatanga, the managing director of Barclays Bank of Zimbabwe said:

Retailers are hording cash and selling it. There are cash discounts happening depending on whether an RTGS and cash back system (has been used).

More: Financial Gazette

 

Join WhatsApp & Telegram News Groups:

WhatsApp Group: https://chat.whatsapp.com/BfSIgXzFrX81Ht5SFN2Yyu


Telegram Group:

Back to top

Write a Comment

Your email address will not be published.


Share Full Post

Nyaradzo logo

RSS Recent Profiles Created