The RBZ has explained the reason behind its decision to suspend operating licenses for Cash 24 and Crediconnect as it communicated yesterday, The Herald reports.
According to the publication:
… highly placed central bank sources further confirmed that the bank had proved that the two financial institutions were behind a hard currency buying spree that has been pushing the exchange rate up of late, possibly explaining the recent dramatic increase in the prices of basic goods.
The publication also claims that the RBZ was able to identify entities the 2 companies were buying foreign currency for, a move that reportedly negatively affected the domestic currency.
More: The Herald
zanupf gvt and its failed economic antics. It wont work. zanupf gvt has proved beyond a shadow of doubt that they are the most useless entity in Zimbabwe. Since Emerson mnangagwa came into power thru a coup and a stolen election, his unelected gvt has failed to stabilise the economy. They only managed to stabilise it in their crooked heads and on state media, kkk…w
Stop lying ,I am listening to Prophet Makandiwa as well ,he didn’t say the vaccine is a poison,he is saying the vaccine is genuine but in that process they want to put chips in humans for their own benefit