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*RBZ issues press statement warning businesses and individuals selling cash* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?qq The Reserve Bank of Zimbabwe today issued a press statement warning business entities and individuals who are selling cash. In the statement RBZ governor Dr John Mangudya said, ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- > 2. Some business entities and individuals are reported to be selling cash, at a premium, against RIGS or bank transfers from the cash buyers’ accounts. 3. Some cash-generating businesses, especially retailers and wholesalers, have not been banking all their cash receipts, as required under the Bank Use Promotion Act [Chapter 24:24]. Instead, they offer the cash to companies and individual, who would make RIGS or inter-account transfers of the equivalent amount, plus an agreed premium, into the cash vendor’s account. As a result banks will be required to report all transactions suspected to involve selling or purchasing of cash, the RBZ said, while the central bank’s anti-money laundering unit will increase its monitoring. More: Ranga Mberi on Twitter itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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