The Reserve Bank of Zimbabwe has deployed “crack teams” to deal with undisciplined traders. The central bank will be going against all businesses that are charging different prices depending on the method of payment. The RBZ also wants to deal with businesses that are not banking their daily revenues. RBZ Governor John Mangudya said the crack teams will be empowered by the provisions of the Bank Use and Promotion Act.
Said Mangudya:
Our teams are working on the issues of indiscipline being perpetuated by some traders. We have since established a hotline for the public to report to the Reserve Bank instances of such malpractices for a reward of 5 percent of reported and recovered funds.
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