Blow For Zimbabwe As South African Banks Pull Dollar Supply Plug
Zimbabwe is in a Catch-22 situation as South African banks have stopped supplying the troubled southern African country with U.S. dollar notes to avoid risk. In 2018, central bank governor John Mangudya revealed that Zimbabwe has over the past few years lost 102 correspondent banking relationships due to high country risk.
AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 700 news and information items daily from over 140 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Monrovia, Nairobi and Washington DC.