Name, shame exercise divides Zanu PF

GOVERNMENT’s name and shame operation targeting companies and individuals accused of fuelling the galloping foreign currency parallel exchange rate has triggered fierce fights within Zanu PF, with some party members claiming the exercise was motivated by political malice than a genuine concern to stabilise the economy.

The Finance ministry recently embarked on a naming and shaming operation against individuals and companies accused of manipulating the official foreign exchange rate and misusing foreign currency allocated by government.

Last week, the Reserve Bank of Zimbabwe (RBZ) named and shamed 30 individuals alleged to be abusing mobile phone services and social media to facilitate forex transactions.

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