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Zimbabwe tightens exchange controls to curb money laundering

Reserve Bank of Zimbabwe (RBZ) governor John announcing the introduction of the new gold-backed currency known as ZiG (Picture via Ministry of Information)

The Reserve Bank of Zimbabwe (RBZ) has introduced new exchange control regulations aimed at combating money laundering. The Exchange Control (General) (Amendment) Order, 2024 (No. 21), effective immediately, sets limits on the amount of currency individuals can take out of the country.

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