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RBZ governor Mangudya speaks on the status of Z$5 banknotes

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John Mangudya

RBZ governor Mangudya speaks on the status of Z$5 banknotes. In a statement this evening, RBZ Governor John Panonetsa Mangudya said all notes issued by the Central Bank and in circulation, including the $5 notes are still legal tender.

The Reserve Bank of Zimbabwe (RBZ)’s Financial Intelligence Unit (FIU) is investigating cases involving some traders rejecting the $5 notes for payment for goods and services. The statement read:

The Financial Intelligence Unit (FIU) is investigating cases involving traders who are rejecting $5 notes for payment for goods and services. Such conduct is not only counterproductive but also criminal.

Those affected or inconvenienced by this malpractice should report to the Bank, the FIU or the nearest police station. The Bank urges all traders to conduct their operations within the confines of the law and respect consumers.

The Bank advises that all notes issued by the Bank and in circulation are still legal tender. Some informal traders such as tuckshops, vendors and other similar businesses have been for some time rejecting ZWL$5.00 notes.

Source – Pindula News

In other news – Woman stabs child fighting with her kid 4 times: Pics

Woman stabs child fighting with her kid 4 times: Pics. A woman has been arrested after she had stabbed a child who was fighting with her kid. The woman who has not been identified at the moment is believed to have been enraged by seeing her child being overpowered in a fight.

Woman stabs

Seeing her child being overpowered the woman went back inside her house and came back holding a knife and stabbed the other child who was beating her kid 3 times in the stomach and 1 time in the head…Learn More

 

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