This move is part of efforts to safeguard the newly introduced
gold-backed currency, known as Zimbabwe Gold (ZIG).
“We should call it what it is Honourable minister (Mthuli
Ncube). It is an illegality, and that is money laundering. We are going to deal
with these activities that you are calling money-changing, accordingly,” the
Ministry of Finance, Economic Development and Investment Promotion permanent
secretary, George Guvamatanga said during a press briefing at the recently
ended International Monetary Fund/world Bank Spring meetings held in Washington
DC, United States.
“Whoever is trading on the alternative market is doing
money laundering and it is a serious global offence.
“There will be severe implications for anyone, who is going
to manipulate the currency. If you want to pay for anything in US dollars, be
it school or medical fees, you should go to your bank with the invoice and they
will pay.”
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