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RBZ freezes Chinese firm accounts

The country’s current account balance is expected to narrow from a surplus of US$133,9 million in 2023 to a surplus of US$44,5 million in 2024.

THE Reserve Bank of Zimbabwe yesterday froze bank accounts of a Chinese firm, China Nanchang, for allegedly injecting millions of dollars into the parallel market, resulting in the soaring of exchange rates. The country has in the past few days recorded high black market exchange rates, forcing the RBZ to engage the Financial Intelligence Unit…

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