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Currency Transactions Of Zimbabwe NGOs Under Central Bank Scrutiny


The Reserve Bank of Zimbabwe, which has declared war on the "cash barons" it says are to blame acute shortages of bank notes, is also looking into the foreign exchange dealings of nongovernmental organizations, NGO sources said Tuesday.

Sources at a number of non-governmental organizations said the central bank has given them instructions on how to report their hard currency dealings.

Spokesman Fambai Ngirande of the National Association of Non-Governmental Organizations told reporter Jonga Kandemiiri of VOA's Studio 7 for Zimbabwe that the central bank has long suspected that NGOs deal on the parallel currency market.

More reports from VOA's Studio 7 for Zimbabwe...

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