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Reserve bank dismisses fake forex ban reports

by Staff Reporter
22 Jun 2021 at 14:22hrs | Views
THE Reserve Bank of Zimbabwe (RBZ) has dismissed reports circulating on social media alleging that the country has banned transacting in foreign currency on local transactions.

RBZ Governor, Dr John Mangudya, clarified the issue in a statement.

"The bank has noted with serious concern the continued circulation of false and malicious articles on social media alleging that Zimbabweans will no longer be able to pay for goods and services in foreign currency, particularly one article captioned 'Foreign currency no longer legal tender'," he said.

"These articles and statements are false and should be treated with the contempt they deserve, as there is no policy or law that prohibits the use of foreign currency in Zimbabwe as alleged."

The Governor said the articles were at the behest of irresponsible, mischievous and malicious people who are always bent on purveying false statements calculated to cause unnecessary anxiety, panic, alarm and despondency within the economy.

"The statements are also calculated to discredit Government and the bank's progressive efforts and achievements in stabilising and growing the economy," he said.

"The bank wishes to reiterate that the public can pay for goods and services in local currency or foreign currency in accordance with the laws of the country and that they should ignore the malicious rumors being circulated on social media," said Dr Mangudya.

Source - Chronicle

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