{"id":47786,"date":"2021-10-07T18:56:00","date_gmt":"2021-10-07T16:56:00","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=47786"},"modified":"2021-10-07T18:47:10","modified_gmt":"2021-10-07T16:47:10","slug":"rbz-investigating-bakers-inn-for-pegging-zimbabwe-dollar-at-zwl200-us1","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/rbz-investigating-bakers-inn-for-pegging-zimbabwe-dollar-at-zwl200-us1","title":{"rendered":"RBZ Investigating Bakers Inn For \u201cPegging Zimbabwe Dollar At ZWL$200: US$1\u201d"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a>. <\/strong><\/span>The Reserve Bank of Zimbabwe (RBZ) has said it is investigating allegations that Bakers Inn, a subsidiary of Simbisa Brands, is selling products using a rate of ZWL$200: USD1.<\/p>\n<p>This week the exchange rate was pegged at US$1:$87.67 at the RBZ\u2019s weekly official forex auction compared while the rate on the parallel market is reportedly as high as US$1: ZWL$150.<\/p>\n<p>ZimPriceCheck says most shops try to stay ahead of the black market rate in case it rises.<\/p>\n<p>It\u2019s not clear whether a receipt purported to be of Simbisa Brands\u2019s Zvishavane Bakers Inn branch is genuine or not. Below are copies of the receipts allegedly issued by Bakers Inn.<\/p>\n<p>RBZ said in a Twitter post this Thursday:<\/p>\n<p>The Financial Intelligence Unit is investigating allegations of currency manipulation and pegging of the ZW$ at 200 to 1 USD circulating on social media. Perpetrators shall be brought to book.<\/p>\n<p>Thx Zim for exposing the rot.<\/p>\n<p>This comes after an economist, Nathan Gurira, has claimed that the offenders who are driving parallel market rates are mainly big companies.<\/p>\n<p>Gurira said efforts by the Reserve Bank of Zimbabwe (RBZ) to uproot widespread misconduct in the economy may not be effective if other institutions are not vocal about the mischief.<\/p>\n<p><b>More: Pindula News<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. The Reserve Bank of Zimbabwe (RBZ) has said it is investigating allegations that Bakers Inn, a subsidiary of Simbisa Brands, is selling products using a rate of ZWL$200: USD1. This week the exchange rate was pegged at US$1:$87.67 at the RBZ\u2019s weekly official forex auction compared while the rate on the parallel [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":47784,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,5012,19],"class_list":{"0":"post-47786","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-rbz-foreign-currency-auction","14":"tag-zimbabwe"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBZ Investigating Bakers Inn For \u201cPegging Zimbabwe Dollar At ZWL$200: US$1\u201d - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Reserve Bank of Zimbabwe (RBZ) has said it is investigating allegations that Bakers Inn, a subsidiary of Simbisa Bra ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-investigating-bakers-inn-for-pegging-zimbabwe-dollar-at-zwl200-us1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBZ Investigating Bakers Inn For \u201cPegging Zimbabwe Dollar At ZWL$200: US$1\u201d\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of Zimbabwe (RBZ) has said it is investigating allegations that Bakers Inn, a subsidiary of Simbisa Bra ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-investigating-bakers-inn-for-pegging-zimbabwe-dollar-at-zwl200-us1\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-07T16:56:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-07T16:47:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/10\/img-615f2477079dd.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-investigating-bakers-inn-for-pegging-zimbabwe-dollar-at-zwl200-us1\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-investigating-bakers-inn-for-pegging-zimbabwe-dollar-at-zwl200-us1\",\"name\":\"RBZ Investigating Bakers Inn For \u201cPegging Zimbabwe Dollar At ZWL$200: US$1\u201d - 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