Zimbabwe: RBZ Closes More Ecocash, Onemoney Lines

The Reserve Bank of Zimbabwe (RBZ) has closed an unspecified number of mobile money agent lines suspected to have been fuelling exchange rate volatility.

A source within the central bank's Financial Intelligence Unit (FIU) told The Herald that the suspension of the mobile money agent lines and accounts across all networks was meant to facilitate investigations into potential illegal foreign currency activities.

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