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Mangudya warns bankers

Tatira Zwinoira ·

THE Reserve Bank of Zimbabwe (RBZ) has warned bankers against conniving with cash dealers, as reports of bank officials getting involved in the parallel market continue to rise.

RBZ governor, John Mangudya told reporters on Tuesday at the official opening of the Grant Thornton Zimbabwe headquarters that they were hearing increasing reports of bankers getting involved in illicit deals.

His remarks come at a time banks are revising cash withdrawals downwards to as low as $20 daily.

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