Zimbabwe cracks down on digital finance platforms as local unit fumbles

Local banks directed to “identify the source of funding into the accounts” backing debit cards being used to make multi-purchases at retail outlets in exchange of foreign currency at exorbitant exchange rates.
Tawanda Karombo

Zimbabwe’s Reserve Bank clamps down on parallel forex market

Country’s central bank bans advertising by dealers on social media platforms, highlighting WhatsApp in particular.
May 25, 2020

EcoCash management in hot water over agent lines

Reserve Bank of Zimbabwe accuses directors of failing to adhere to its directive to disconnect lines.