Banks under scrutiny
…as RBZ flags costly cash repatriation practices
CLOUDINE MATOLA The Reserve Bank of Zimbabwe (RBZ) has blamed commercial banks for incurring avoidable and costly cash repatriation expenses, arguing that the problem stems from inefficiencies within the banking system rather than structural shortages, Business Times can report. The central bank said banks are unnecessarily repatriating large volumes of cash to fund external payments, even…
