Zimbabwe: RBZ Lifts Suspension On Lending Services By Banks

The Reserve Bank of Zimbabwe (RBZ) has, with immediate effect, lifted the temporary suspension on lending services by banks.

In a statement, Tuesday, RBZ governor, John Mangudya, said the u-turn on the lending suspension will not apply to entities under investigation.

Banks and companies had criticised the move, indicating that it threatened sustenance.

Reasons for the change of mind have not been explained.

“Further to the circular issued to banks on May 9, 2022, the bank wishes to advise the…

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