RBZ cracks down on ZiG rejection

RBZ governor John Mushayavanhu

THE Reserve Bank of Zimbabwe (RBZ) has issued a stern warning to businesses and service providers who are rejecting the Zimbabwe Gold (ZiG) in favour of the US dollar. In his mid-term monetary policy update, RBZ governor John Mushayavanhu expressed deep concern over widespread non-compliance in the financial and retail sectors. “Stakeholders raised concerns over…

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