Pindula
Register Login

RBZ Bank Has Suspended Rolink Finance From Operating As A Bureau De Change

RBZ Bank Has Suspended Rolink Finance From Operating As A Bureau De Change

The Reserve Bank of Zimbabwe (RBZ) has suspended Rolink Finance (Private) Limited from operating as a Bureau De Change with immediate effect. In a statement, seen by Pindula News, RBZ governor, Dr John Panonetsa Mangudya said the suspension resulted from Rolink’s a result of breaches of the Exchange Control (Authorised Dealers with Limited Authority) Order, Statutory Instrument 104 of 2015 and Exchange Control Circular Number 2 of 2021 issued to Authorised Dealers with Limited Authority (ADLAs). We present the statement issued by the central bank:

SUSPENSION OF ROLINK FINANCE (PRIVATE) LIMITED FROM OPERATING AS A BUREAU DE CHANGE

The Reserve Bank of Zimbabwe (the Bank) wishes to advise the public that it has, with immediate effect, suspended Rolink Finance (Private) Limited from operating as a bureau de change.

The suspension is a result of breaches of the Exchange Control (Authorised Dealers with Limited Authority) Order, Statutory Instrument 104 of 2015 and Exchange Control Circular Number 2 of 2021 issued to Authorised Dealers with Limited Authority (ADLAs).

The suspension of its operating licence does not relieve Rolink Finance (Private) Limited of any outstanding obligations it incurred or had at the time of suspension of the licence. For the said exchange control violations, a penalty of US$120,000 or its equivalence in Zimbabwe dollar has been levied against Rolink Finance (Private) Limited.

John P. Mangudya

More: Pindula News

Share Article

Sponsored

12 Comments

Mangudya 3 months ago

Ndoiite basa, apa ndirikushanda, ahoyi maZimbabweans mukundiona here pafree pindula ndivhara mabank, dzokerai kueecocash.........


Gushungo 3 months ago

Panonetsa iDambudzo muZimbabwe

Anomborevei mazita awa 3 months ago

First Time kunzwa your 2nd name PANONETSA what may be the meaning of this name?
Are all their names comes from their families?
But pakuramba uchinetsa nezviri kutinetsa iwewo zvichikunetsa zvava ktinetsa kti ubve because varikutenetsa nenhamo ndivo vakakuisa ukavimbisa kti hazvindinetsi kti us$1 =1rtgs ,ukati zvikakunetsa unosiya but nhasi uchingoripo cz PANONETSA kusiya pachitapira pamongo wemari saka

Mr 3 months ago

wakaipa john

yeke 3 months ago

panonetsa shuwa


City Fan 3 months ago

Chele yatamb sei


Mangethe 3 months ago

lost 4 -2 to Asernal

Mafirakureva 3 months ago

Panonetsa, Dambudzo, Pumura naMtuzvi vatinetsa munyika muno


Sponsored

1234 3 months ago

hatichina nguva yakareba tichishandisa maUSD


aaaa 3 months ago

It's all about the 2% charge ikuda kunzi tirohwe vaitore


lulu 3 months ago

ahii Kanti panonetsa izita remunhu kozoti Dambudzo haaaaa kkkk Mai nababa Ava vaigona kutumidza mazita zvino otinetsa panonetsa naDambudzo tatambura for sure🤣



Leave a comment


Recent News


News Categories



Feedback