In April, the Apex Bank slapped the bank with suspension
from buying and selling foreign currency and processing international and
domestic foreign currency transactions until further notice.
However, in a notice on Wednesday, Central Bank Governor,
Dr John Mangudya, said the bank’s suspension has been lifted following
investigations.
“The Reserve Bank of Zimbabwe wishes to advise the public
that it has lifted the suspension of Metbank Limited’s authorised dealership
licence with immediate effect,” said the Governor.
“The lifting of the suspension follows the conclusion of
investigations relating to foreign exchange trading, which has culminated in
the imposition of an administrative fine against Metbank Limited for breaching
Exchange Control Regulations.”
MetBank had been suspended together with InnBucks, which
operates under Simbisa Brands and another bureau de charge operator, Rolink
Finance. Chronicle
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