RBZ Responds To Reports Suggesting The Bank Has Raided People’s Forex Accounts, “Again”

The Reserve Bank of Zimbabwe (RBZ) has dismissed as falsehoods the reports circulating on social media which suggest that the central bank has raided Foreign Currency Accounts which belong to individuals and organisations.

The RBZ was responding to a tweet by The Zimbabwe sentinel which read:

Seems RBZ has raided FCAs. NGOs trying to withdraw free funds being told RBZ is yet to approve their transactions.

In response, the central bank said:

The RBZ (the Bank) would like to urge members of the public to dismiss, with utmost contempt, the tweet alleging that the Bank has raided Foreign Currency Accounts (FCAs). The article further alleges that the Bank is withholding approval of withdrawal of free funds by NGOs.

No FCAs have been raided. Furthermore, holders of free funds will continue to have unfettered access to their funds in line with Statutory Instrument 85 of 2020.

Members of the public should, therefore, disregard the falsehoods being peddled through social media as such claims are meant to cause panic and despondency.

But The Zimbabwe Sentinel was adamant that something was wrong adding that transactions were “taking long” with “banks citing pending RBZ approvals.”

Some claim that RBZ raided the funds before.

More: RBZ

 

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