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Reserve Bank of Zimbabwe

Zimbabwe government de-dollarises, piles taxes on transacting public

Harare ‑ The Zimbabwean government has de-dollarised the economy by reintroducing local currency bank accounts, which will be traded in electronic transfers and bond notes only.

‘ATM card cloning schemes rampant’

The Bankers’ Association of Zimbabwe (BAZ) has warned that there are rampant card cloning schemes in the country.Criminals are allegedly replicating ATM cards and using them to withdraw money from unsuspecting victims’ accounts.

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