RBZ suspends Metbank Ltd

The Reserve Bank of Zimbabwe has suspended Metbank Limited from operating as an authorised dealer for allegedly breaching Exchange Control regulations relating to trading in foreign currency.

Metbank Limited will not be permitted to deal in foreign currency until further notice.

In a related development, RBZ also suspended Rolink Finance Private Limited from operating as a bureau de change for violating Exchange Control regulations.

As a result of these violations, Rolink Finance has been fined US$120 000 or the equivalent in Zimbabwe dollars