MOBILE OPERATORS PRINTING MONEY

SOME mobile money operators have been printing money
through creating overdrafts and fictitious credit, most of which was channelled
to buy foreign currency on the parallel market — a practice that has been
weakening the Zimbabwe dollar and causing r…

SOME mobile money operators have been printing money through creating overdrafts and fictitious credit, most of which was channelled to buy foreign currency on the parallel market — a practice that has been weakening the Zimbabwe dollar and causing runaway prices of goods and services, it has been revealed. A recent forensic audit to assess “the integrity, compliance and efficacy of mobile