Rejection Of $5 Notes A Crime- RBZ

The Reserve Bank of Zimbabwe (RBZ) says the Financial Intelligent Unit (FIU) is investigating traders who are rejecting the $5 bond notes as it is a criminal offence.

In a statement yesterday, RBZ governor Dr John Mangudya said those affected should report to the nearest police station, RBZ or the FIU.

“The Financial Intelligent Unit (FIU) is investigating cases cases involving traders who are rejecting $5 notes for payment for goods and services. Such conduct is not only counterproductive but also criminal.” The statement read in part.

Dr Mangudya urged traders to confine to the law and said all notes issued by the bank are still legal tender.

“The bank urges all traders to conduct their operations within the confines of the law and respect consumers.

“The Bank advices that all notes issued by the Bank and in circulation are still legal tender.” He said.

A fortnight ago, consumers woke up to a rejection of $5 bond notes by traders just as they did on $2 notes.


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