{"id":66145,"date":"2022-09-14T14:39:52","date_gmt":"2022-09-14T12:39:52","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-widens-probe-into-city-councils-charging-in-us-dollars"},"modified":"2022-09-14T16:55:21","modified_gmt":"2022-09-14T14:55:21","slug":"rbz-widens-probe-into-city-councils-charging-in-us-dollars","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/rbz-widens-probe-into-city-councils-charging-in-us-dollars","title":{"rendered":"RBZ Widens Probe Into City Councils Charging In US Dollars"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The Reserve Bank of Zimbabwe (RBZ) has frozen the City of Harare\u2019s bank accounts after the local authority started charging for services in US dollars.<\/p>\n

The central bank\u2019s Financial Intelligence Unit (FIU) has since widened its investigations into city councils charging for services in foreign currency.<\/p>\n

Harare City Council had demanded residents pay for services such as house-planning permission in US dollars to enable the municipality to pay for fuel and workers\u2019 salaries.<\/p>\n

Speaking to Bloomberg by phone, FIU Director-General Oliver Chiperesa said they are investigating two other municipalities over the practice. He said:<\/p>\n

There are two other authorities which we are looking to see if they have adhered to our approaches.<\/p>\n

The Zimbabwean dollar is Africa\u2019s worst-performing currency this year. It has lost more than four-fifths of its value this year.<\/p>\n

Meanwhile, City of Harare spokesman Innocent Ruwende said the FIU\u2019s decision to freeze the council\u2019s accounts was \u201cunfortunate\u201d and may impact the municipality\u2019s ability to deliver services. He said:<\/p>\n

The decision is detrimental to service delivery. We need foreign currency to pay for fuel, plant equipment and workers\u2019 salaries.<\/p>\n

It\u2019s an unfortunate decision that\u2019s been taken by the Reserve Bank of Zimbabwe.<\/p>\n

Chiperesa said the law empowers them to freeze bank accounts for 90 days to allow for investigations to take place.<\/p>\n

He added that a possible way for the council to resolve the situation is for it to stop the demands for foreign currency payments.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The Reserve Bank of Zimbabwe (RBZ) has frozen the City of Harare\u2019s bank accounts after the local authority started charging for services in US dollars. The central bank\u2019s Financial Intelligence Unit (FIU) has since widened its investigations into city councils charging for services in foreign currency. Harare City Council had demanded residents […]<\/p>\n","protected":false},"author":84,"featured_media":66144,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[11827,1493,2189,11826,1691,6617,852,653,19],"class_list":{"0":"post-66145","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-accounts-freeze","12":"tag-africa-press","13":"tag-africa-press-zimbabwe-2","14":"tag-banks-accounts","15":"tag-city-of-harare","16":"tag-fiu","17":"tag-harare-city-council","18":"tag-rbz","19":"tag-zimbabwe"},"yoast_head":"\nRBZ Widens Probe Into City Councils Charging In US Dollars - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Reserve Bank of Zimbabwe (RBZ) has frozen the City of Harare\u2019s bank accounts after the local authority started charg ...\" \/>\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-widens-probe-into-city-councils-charging-in-us-dollars\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBZ Widens Probe Into City Councils Charging In US Dollars\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of Zimbabwe (RBZ) has frozen the City of Harare\u2019s bank accounts after the local authority started charg ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-widens-probe-into-city-councils-charging-in-us-dollars\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-14T12:39:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-14T14:55:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_9-6321eb3e09280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"497\" \/>\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=\"2 minutes\" \/>\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-widens-probe-into-city-councils-charging-in-us-dollars\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-widens-probe-into-city-councils-charging-in-us-dollars\",\"name\":\"RBZ Widens Probe Into City Councils Charging In US Dollars - 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