Page 11 - Exchange Control News Today

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One of the suspected dealers reportedly agreed to change US$10 for the detectives and transferred the equivalent in ZIG at the agreed rate to the detective’s mobile money account.

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More money changers were arrested by the police in Bulawayo on Monday, following the recent arrest of 65 individuals in Harare.

Police today rounded up money changers in Bulawayo following the arrest of 65 others in Harare yesterday for allegedly violating Zimbabwe’s finance regulations. They were allegedly engaged in selling the new Zimbabwe Gold currency in the black market which is now trading at 20 for one US dollar. The official rate is US$1 to 13.2889…

Zimbabwe business owners have pleaded with Parliament to ask the government to stop arresting unauthorised moneychangers and to re-open the bank accounts of companies accused of only accepting foreign currency. This comes after Reserve Bank of Zimbabwe (RBZ)’s Financial Intelligence Unit (FIU) director-general Oliver Chiperesa said the unit had frozen bank accounts of 11 companies…

The Reserve Bank of Fiji is advising the public that cryptocurrencies or virtual currencies are not recognised as legal tender in Fiji and therefore cannot be

A man from Warren Park, Harare, reportedly missed his wedding after he was caught up among more than 60 suspected illegal foreign currency dealers who were arrested last week. The National Prosecuting Authority (NPA) on Monday 22 April 2024, confirmed the arrest of 65 suspects, saying they were charged with contravening section 5(1)(a)(ii) of the…

Police today rounded up money changers in Bulawayo following the arrest of 65 others in Harare yesterday for allegedly violating Zimbabwe’s finance regulations. They were allegedly engaged in selling the new Zimbabwe Gold currency in the black market which is now trading at 20 for one US...

Zimbabwe is shaking things up in its foreign exchange market, transitioning from a controlled auction system to a market-driven approach.