RBZ U-turn on forex agencies(07-12-06)

R>In a press statement, central bank chief Gideon Gono – battling to breathe life into Zimbabwe’s comatose economy – said the re-registered money transfer agencies had pledged to comply with standing forex rules.
“This registration process was premised upon anticipated performances and pledges to comply with provision of the Exchange Control Statutory Instrument 77 of 2004 by the respective money transfer agencies,” said a statement from the RBZ’s Exchange Control Inspectorate. “These licences are valid with immediate effect for a period of one year and Reserve Bank will from time to time continue to monitor the operations of these money transfer agencies to ensure compliance.”