RBZ To Punish Individuals Who Circulated Pictures Of Cash From CBZ And Ecobank

The Reserve Bank of Zimbabwe has said that it will take disciplinary measures to individuals who took pictures of new notes and coins withdrawn from Ecobank and CBZ and circulated them on social media.

The central bank argues that the individuals intended to cause disorder in the country.

The pictures which circulated on social media suggested that Ecobank and CBZ were injecting cash into the black market when other account holders are failing to acces their money at the same banks.

Read the RBZ statement below.

PICTURES OF BIN CONTAINER FULL OF BOND COINS CIRCULATING ON SOCIAL
MEDIA

Further to our earlier Press Statement regarding pictures of the 2 dollar banknotes circulating on social media, it has also come to the Bank’s attention that there is a picture of a black plastic bin container full of bond coins also circulating on social media.

We would the to advise the public that this case has been investigated by the Bank and it involves a CBZ Bank customer. Investigations by RBZ at CBZ indicated that an amount of ZW$44,180 was withdrawn by one of their customers. In this regard, CBZ Bank together with their customer are now assisting the Zimbabwe Republic Police with further investigations.

As advised in our earlier Press Statement, appropriate disciplinary measures shall be taken against those bent on damaging confidence by placing such pictures on social media platforms. Such behaviour causes unnecessary anxiety and despondency within the economy.

14 November 2019


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2 comments on “RBZ To Punish Individuals Who Circulated Pictures Of Cash From CBZ And Ecobank

  1. the anxiety and despondency is a realty; it cannot be deemed unnecessary. And to punish those who are bringing unlawful acts to the attention of the public is the height of injustice. It is similar to the American Repiblicans who want the name of the whistleblower on the Trump-Ukraine fiasco.

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