By Lerato Ndlovu
The Reserve Bank of Zimbabwe (RBZ) yesterday issued a statement on their investigation of pictures circulating on social media showing recently introduced notes in sealed packs, suggesting that they were already traded on the parallel market.
In their statement by RBZ Governor Dr John P Mangudya indicated that Ecobank is responsible for releasing the brand new notes circulating on social media.
“The bank has conducted investigations on the matter, and the findings are that the banknotes in the circulating pictures emanated from Ecobank.
“Preliminary investigations by RBZ at Ecobank indicate that an amount of $15 000 was withdrawn by one of their customers. Ecobank, together with their customer, are now assisting the Zimbabwe Republic Police with further investigations.” He said.
Dr Mangudya said appropriate disciplinary measures will be taken against the bank and the customer for such malpractices.
“Appropriate disciplinary measures will be taken against the bank and the customer and anyone else found responsible for such malpractices which bring the RBZ and the entire banking system into disrepute.”
Banks have only been issuing an average $150 of the new notes to customers since Tuesday, with the weekly withdrawal limit still fixed at $300.
RBZ implicates ECOBANK in cash scum