Monetary Policy Statement: RBZ Governor John Mangudya moves to kill forex black market

THE Reserve Bank of Zimbabwe (RBZ) Friday ordered EcoCash and other mobile money service operators to close all multiple wallets and allot one per individual in a bid to further choke a thriving illegal foreign exchange market. Presenting the Monetary Policy Statement (MPS), RBZ governor John Mangudya said the directive comes after noticing that illegal […]