RBZ Bank Has Suspended Rolink Finance From Operating As A Bureau De Change

The Reserve Bank of Zimbabwe (RBZ) has suspended Rolink Finance (Private) Limited from operating as a Bureau De Change with immediate effect. In a statement, seen by Pindula News, RBZ governor, Dr John Panonetsa Mangudya said the suspension resulted from Rolink’s a result of breaches of the Exchange Control (Authorised Dealers with Limited Authority) Order, Statutory Instrument 104 of 2015 and Exchange Control Circular Number 2 of 2021 issued to Authorised Dealers with Limited Authority (ADLAs). We present the statement issued by the central bank:

SUSPENSION OF ROLINK FINANCE (PRIVATE) LIMITED FROM OPERATING AS A BUREAU DE CHANGE

The Reserve Bank of Zimbabwe (the Bank) wishes to advise the public that it has, with immediate effect, suspended Rolink Finance (Private) Limited from operating as a bureau de change.

The suspension is a result of breaches of the Exchange Control (Authorised Dealers with Limited Authority) Order, Statutory Instrument 104 of 2015 and Exchange Control Circular Number 2 of 2021 issued to Authorised Dealers with Limited Authority (ADLAs).

The suspension of its operating licence does not relieve Rolink Finance (Private) Limited of any outstanding obligations it incurred or had at the time of suspension of the licence. For the said exchange control violations, a penalty of US$120,000 or its equivalence in Zimbabwe dollar has been levied against Rolink Finance (Private) Limited.

John P. Mangudya

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