Zimbabwe finance minister Mthuli Ncube has accused government contractors of channelling funds to the black foreign exchange market and contributing to the spiralling exchange rate and price instability.
“Where it is determined that funds were channelled to the illegal foreign exchange market — the bank accounts involved will be frozen indefinitely pending criminal investigations and prosecution of the companies concerned and their directors and officers. In addition, the government is setting up a process to scrutinise all awarded tenders to ensure government is getting full and fair value, Ncube said.
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Zimbabwe finance minister threatens to blacklist companies, freeze accountsZimbabwe finance minister Mthuli Ncube has threatened to take stern measures against all government contractors who are ‘manipulating the exchange rate’. Only Zanu-PF can manipulate the currency. How dare they! Your poor President must be frightened of you
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