RBZ introduces direct access to forms CD1, disintermediates banks

The Reserve Bank of Zimbabwe (RBZ) recently issued a Press statement as part of its efforts to enhance the ease of doing business in Zimbabwe. “In order to reduce time taken to prepare export documentation, and for the convenience of the exporters, the Form CD1 is now directly accessible via Internet, through the Computerised Export Payments Exchange Control System (CEPECS),” said the apex bank’s exchange control division in the statement dated June 1, 2017.

The CEPECS is a web-based and real time exchange control system that links the RBZ to commercial banks, the Zimbabwe Revenue Authority (Zimra), exporters and other government agencies that facilitate and promote export of goods and services.

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