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Breaking: RBZ lifts suspension on bank lending

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

Last week, President Mnangagwa, announced a raft of interventions aimed at restoring confidence, preserving value and restoring macro-economic stability.

The move came as the local currency had been depreciating against the greenback amid high demand for the dollar which is seen as a store of value.

In a statement, RBZ Governor Dr John Mangudya said the lifting of the ban does not apply to those entities that are under investigation by the Financial Intelligence Unit.

Read the full statement below:

 

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