SA BANKS BLOCK ZIM US DOLLAR IMPORTS

SOUTH African banks have blocked their Zimbabwe
counterparts from importing United States dollars as a measure to mitigate the
risk associated with dealing with Harare-based institutions, a senior Reserve
Bank of Zimbabwe (RBZ) official has said.

SOUTH African banks have blocked their Zimbabwe counterparts from importing United States dollars as a measure to mitigate the risk associated with dealing with Harare-based institutions, a senior Reserve Bank of Zimbabwe (RBZ) official has said. RBZ deputy director for financial markets William Manimanzi said the move by South African banks would give headaches on where to source the