RBZ to deal with bankers & cash barons who are selling cash

In an interview with The Chronicle yesterday, Reserve bank of Zimbabwe (RBZ) Governor John Mangudya said that they are working on statutory instruments that will make it a punishable offence to charge a certain percentage for someone to access money.

Said Mangudya:

This is abuse of office by bankers and it’s a sign of the ugly face of indiscipline. We have instruments that will be turned into law to curb this. We should have a national approach to our challenges .Consumers should advise authorities so that we can take action against that. They can call the RBZ toll free number (TelOne — 08006009 and Econet — 08086770).

Bankers Association of Zimbabwe (BAZ) President Charity Jinya urged members of the public to report the selling of cash.

More: Herald