RBZ To Issue Statement On "Picture Of Crispy Notes Offloaded Onto Black Market"

3 years ago
Thu, 14 Nov 2019 11:00:35 GMT
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RBZ To Issue Statement On "Picture Of Crispy Notes Offloaded Onto Black Market"

The central bank, the Reserve Bank of Zimbabwe is today expected to issue a statement with regards the images of new notes which were allegedly offloaded onto the black market.

George Charamba who speaks for the presidency said that RBZ conducted an investigation following the circulation of the picture of the new notes. He added:

I have just spoken to the RBZ governor who has indicated that the central bank investigations are now complete. The central bank will issue a statement before long, certainly before close of day. I thank alert Zimbabweans who exposed this racket.

Some observers have been saying that some prominent business people and political elites who have access to and control of banks are the ones feeding the parallel markets with cash.

RBZ introduced the $5 and $2 notes and $2 coins on Tuesday in an endeavour to address the cash crisis in the country, surprisingly, parallel market currency dealers already appeared to have received large amounts of the initial $300 million worth of new banknotes.

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