The Reserve Bank of Zimbabwe ks going to fine 18 entities over foreign currency abuse they were allocated through the foreign exchange auction system.

Among the 18 entities are National Foods, Africa Steel (Pvt) Ltd and Georgia Petroleum (Pvt) Ltd.

In a statement, RBZ Governor Dr John Mangudya said the the bank has the duty to care to ensure that the significant process that the economy made since the introduction of the foreign exchange are followed.

Below is the press statement by the RBZ: