Two Zimbabwe banks investigated for diverting new notes to black market
14 November 2019 - 22:05
Zimbabwe’s President Emmerson Mnangagwa on Thursday ordered an investigation of two local banks, Commercial Bank of Zimbabwe (CBZ) and Ecobank, for funnelling newly introduced banknotes to the black market.
The cash-starved southern African country on Tuesday introduced new banknotes and coins to curtail a three-year-old cash crisis that has kept hard currency out of reach for most citizens...
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