New Rule: Zimbabwe Restricts USD Outflows for Departing Residents to $2,000
The Reserve Bank of Zimbabwe (RBZ) has introduced a new regulation limiting travelers to carrying a maximum of $2,000 in U.S. dollars when leaving the country, down from the previous limit of $10,000.
This measure aims to combat illegal foreign currency transactions and stabilize the local currency. To enhance transparency and accountability, the RBZ has recently published its monetary policy statement and updated its exchange control regulations. Additionally, the bank has established a structured currency system backed by gold and cash reserves.
Clever Robot News Desk 14th October 2024
