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RBZ Says It Will Publish Names Of "Borrowers Of Large Amounts"

RBZ Says It Will Publish Names Of

The Reserve Bank of Zimbabwe (RBZ) says it reserves the right to publish the names of businesses and individuals who have borrowed large amounts of money from banks.

This comes after the value of the local currency, the Zimbabwe dollar has plummeted on the parallel market resulting in an astronomical rise in the price of goods snd services. The central bank said in a statement:

In the wake of manipulation of the exchange rate by some borrowers of large amounts to the detriment of consumers, the Bank reserves the right to publish the names of significant borrowers across the banking sector in the public interest.

Team Pachedu, a group of analysts critical of the Government have challenged the RBZ to publish treasury bills worth billions that ZANU PF benefactor and President Emmerson Mnangagwa’s advisor, Kuda Tagwirei, has allegedly been cashing out. Said Team Pachedu:

First, publish the billions worth of treasury bills that Kudakwashe Tagwirei has been cashing out.

He has been getting forex from RBZ at bank rate and then selling the forex at black market rate.

He is Zimbabwe’s Number 1 currency manipulator.

CCC spokesperson and lawyer, Fadzayi Mahere, argued that the move would be unconstitutional since borrowing is not illegal. Said Mahere:

That would be an unconstitutional infringement of their right to privacy. In any event, borrowing is not illegal. It’s a private commercial contract.

You forget that your grossly irrational policies got us here – now you want to blame banks for doing what banks do – lend. Shameful.

The RBZ blames “currency manipulators”, that is, firms and individuals who divert millions of Zimbabwe dollars to the parallel market to buy US dollars for weakening the local currency. 

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23 Comments

CASINO ECONOMY 1 month ago

We are await your office to furnish us with the names of all borrowers of large amounts / habitual borrowers, Cde Governor Sir. But make sure every borrower of big amounts appear on this list, I mean everyone - and no editing please Governor !


CASINO ECONOMY 1 month ago

***We await your .........

Chigumba Priscilla 1 month ago

ndakatotanga kudya maYuuwesi$ for next year rigging 🤣🤣🤣🤣


soldier 1 month ago

Economic war


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Liberty 1 month ago

...but guys how does a credible party like CCC protects those who are making lives of the poor miserable only so that they get into power. will they be able to control these vultures when they take the steering? Yes these guys in the steering maybe bad but when time comes for them to straighten things we must not oppose them for the purpose of opposing them. ama sabatours must be shamed must be known simple and klaar. they are killing us guys whether Zanu PF or CCC ,let them be exposed.


Dr Hercules 1 month ago

you are talking rubbish whats wrong with borrowing KKK foolish man

Mmmmmm 1 month ago

Nonsense talk. Give it some thought before your mouth runs wild.

Skuz Apo 1 month ago

chamakadya chamuka hamusati matanga


Paul mangwana 1 month ago

tichiburitsa futi mazita evanhu vakaita corruption vosungwa ne ZACC
tapedzezvo Report re mohlante commission tobuda mangwana musoja wokupfugama Achi shuts vanhu mustreet tichaita naye pazbc news vanhu vomuona achisungwa
atide vanhu vanotengesa nyika yavo kune dzimwe nyika patiriotiki haadero


bhangu 1 month ago

panoda imwe shutdown ye two weeks manje ...makombi akadzosa tomakwira sei Mari yemushandi Aina kuwedzera masoja acho akapiwa 37% ega akutocomplainawo 175 USA yacho yaitoda kubviswa ....aikwane futy....mukati vana bhangu vanhu Ava vakabvisa USA @riri pa salary ye 540 vachiti 1:1 haichinje ndoresigner ezvino rave pa pa 1:450 voti takupai 175 isiri pay kureva haisi pa pension ....voti toibvisa futy vokupai mofara Moti shutdown yabudirira aaaah mopenga....ne ma union ese muri malooters mave kumiririra gvt kwete vanhu mukai itai basa vanhu vari kutambura muchifarira kuti combi yadzoswa today kombi here isu


Muzanu pf 1 month ago

Kudhara ikoko azvishande so takadzosa mari iyoyo ndokuti nyika iyende mberi hre


Observer 1 month ago

The consequences of such actions will have consequences that will bite you. An open can of worms will crawl out.


Tkt 1 month ago

1- what happened to the list of those accused of miusing fund acquirwd at the Auction Market?
2 what about those who extenalised funds
What about those that got Command Inputs, RBZ mechanized equipment?

Basically what i mean is, SHAMING isn't the solution but SHUNNING corrupt activities IS!!!


mangudya 1 month ago

handina mhosva gen,a ndipa graft full of magandanga politics


MuPfungwe Chaiye 1 month ago

I will publish wese akakwereta pamusika wangu mangwana paface book. Handisi ni ndatanga nazvo bvunzai Mangudya


Mkanya 1 month ago

Mangudya wakakwana here iwe. Is borrowing money from the bank a crime... Your name must be the first one on the list followed by those chefs from this clueless regime..... Vote Chamisa. Vote CCC. Pasi ne zanu pf. Don't vote edee


Mhazi chirumanzu 1 month ago

zvinobatsirei kungoshambadza badzi. chii chazvinoshandura , zvichaita kuti Zim dollar rivenesimba here kana mashambadza mazita acho


Dr Hercules 1 month ago

The RBZ should start by publishing the names of those who took loans under the guise of RBZ recapitalization in 2008/9.


VYBZ KARTEL 1 month ago

infect this is a display of poor diplomacy instead making sure the money gets value they want to publishize names of monetary lendera
Instead of campaigning and rigging elections why don't they just quit the killers confederation party ZANU PF
instead of killing the economy why don't they just surrender
instead of being humiliated in the 2023 elections by CCC and CHAMISA winning why don't they just retire

Vote for CCC
Change 3D
dira rizare


Good 1 month ago

Iiiii nyikayakuvadzwa nembavha


Gafa 1 month ago

Uyu anorwara uyu tomadii mazita Is itt not allowed to borrow money ?Saka toda kuona rate ichidzika


twam 1 month ago

kkkk

Limbaz 1 month ago

Zvemunyuka muno bodo! 🤦



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