Bankers Association of Zimbabwe

Government has admitted that local banks are charging exorbitant charges but it does not have the power to introduce and cap the charges and protect the ordinary citizens of Zimbabwe.
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The Reserve Bank of Zimbabwe (RBZ) has said it is maintaining cash withdrawal limits at levels set in February as the banking sector has done well to promote digital banking in the wake of Covid-19 pandemic.
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Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has explained the use of US dollars in the country, including value and legal status of the virtual form of the greenback.
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Banks have agreed to review deposit interest rates upwards to encourage savings from the banking public, but implored the need for a stable domestic currency.
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Paynet Zimbabwe, the bulk payments service provider, has lost its High Court claim for US$100 million damages against the Bankers Association of Zimbabwe (BAZ) made after Zimbabwe-based banks stopped using it because it was demanding…
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The Bankers Association of Zimbabwe (BAZ) has elected FBC Bank managing director, Mr Webster Rusere, as its president taking over from Dr Charity Jinya. He would lead the organisation for two years and will be deputised by NMB Bank chief…
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By Gift Phiri In an unexpected development, Zimbabweans are stampeding to their banks in large numbers to withdraw the newly-introduced bond notes. For the third day running yesterday, stressed banks battled to cope with the long…
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By Shame Makoshori Zimbabwe's banking sector is deeply divided over bond notes, despite public appearance of unity over the planned introduction of the domestic currency, the Financial Gazette can report. The Bankers Association…
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By Pamela Shumba |Chronicle| Some banks have slashed cash withdrawal limits to $50 per day, while others are failing to offer clients their money as the cash crisis worsens in the country. The acute shortage of cash has also seen…
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By Conrad Mwanawashe Some commercial banks and micro-finance institutions have been penalised by the Reserve Bank of Zimbabwe for continuing to charge exorbitant transaction fees and interest rates above the stipulated levels.…
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