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RBZ crafts law to punish forex abusers

John Mangudya

THE Reserve Bank of Zimbabwe (RBZ) has tabled a draft statutory instrument (SI) seeking more teeth against firms abusing the foreign currency auction system. If gazetted, this new law will give RBZ governor John Mangudya the authority to fine rogue firms in United States dollars and impose indefinite suspensions from participating in the auction. Appearing…

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