RBZ names another 47 over illegal currency deals

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HARARE – Another 47 people were blacklisted yesterday by the Reserve Bank of Zimbabwe for operating on the foreign currency black market, taking to 77 the number of people whose bank and mobile money accounts have now been frozen and who are barred from operating any others for two years.

The freezing of bank accounts and mobile money accounts and the blacklisting for two years are part of the RBZ’s efforts to clamp down on the black market by removing the middlemen.

The black market is seen as subject to manipulation and profiteering by those who operate it with the rates generated each day having very little to do with actual market forces. The first group of 30 were listed two weeks earlier on September 28.

In his statement announcing the new additions Reserve Bank Governor Dr John Mangudya thanked the public “who are coming forward with information that is helping the Financial Intelligence Unit to identify and take action against more culprits”.

The Posts and Telecommunications Regulatory Authority of Zimbabwe has been asked to bar all those listed from operating mobile lines.

Dr Mangudya reminded the public that the Financial Intelligence Unit can be contacted on WhatsApp numbers 0714039897 or 0780434475. As with the first list, there were no details of the people blacklisted except for their name, ID and telephone number.

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