Zim News: South African banks block Zim currency imports

Zim News: South African banks block Zim currency imports.
BY FIDELITY MHLANGA SOUTH African banks have blocked their Zimbabwe counterparts from importing United States dollars as a measure to mitigate the risk associated with dealing with Harare-based institutions, a senior Reserve Bank of Zimbabwe (RBZ) official has said. RBZ deputy director for financial markets William Manimanzi said the move by South African banks would give headaches on where to source the greenback, mostly needed to pay small-scale gold miners, from. Manimanzi said the lowering o…

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