RBZ warns public against trading in demonetised notes

Elita Chikwati, Harare Bureau
The Reserve Bank of Zimbabwe has distanced itself from the sale and trade in demonetised Zimbabwe dollar notes in and outside the country.

In statement yesterday, RBZ governor Dr John Mangudya said they had received reports that some people were purportedly buying and selling demonetised Zimbabwe dollar notes locally and outside the country.

“It has come to the attention of the RBZ that there are certain persons who are purportedly buying or selling or trading in demonetised Zimbabwe dollar notes in and outside the country,” he said.

“There are also reports and videos circulating on social media concerning such a sale or trade.

“The bank completely dissociates itself from such purported sale and trade of the demonetised Zimbabwe dollar notes. The bank is not aware of the source of the note being sold and cannot vouch for the genuineness or otherwise of the said notes.”

Dr Mangudya advised the public that any demonetised Zimbabwe dollar notes that the bank may have in stock are not for sale.

“The bank will, therefore, not be responsible for any inconveniences arising from the buying or selling of or trading in demonetised Zimbabwe dollar notes,” he said.

Related Posts

ZGA joins nation in mourning Bosso executives

Brandon Moyo THE Zimbabwe Golf Association (ZGA) has joined the nation in mourning the tragic loss of Highlanders Football Club executives who died in a road traffic accident on Thursday…

Young Flying Stars Sports Academy Under-20s secure sponsorship deal with Budget Cash & Carry

Chronicle Writer THE Young Flying Stars Sports Academy (YFSSA) under-20 side has confirmed a major sponsorship agreement with Budget Cash & Carry, a leading wholesaler based in Bulawayo. The deal,…

Leave a Reply

Your email address will not be published. Required fields are marked *