RBZ in double money scam?

gono.jpgHARARE - Speculation emerged this week that the Reserve Bank may have been printing two or more Zimbabwe dollar notes with the same serial numbers.

A source at RBZ, who asked not to be named, said there was a real
possibility that, for each note with an officially recorded number on
its face, there was a second exact copy handed to Zanu (PF).

This system of fraud was perfected in the former Zare under late
dictator, Mobuto Sese Seko, who produced a stash of unrecorded notes
for his own use.

The RBZ official said that he and several of his colleagues had recently been questioned over the allegations.

It is quite possible, he said. The team heading the bank had total
control of the process, so they would have been able to produce several
versions of each Zimbabwe dollar note.

Separate reports have spoken of truckloads of money being delivered to
the army, CIO, youth militia and Zanu (PF) headquarters. There are also
well-documented cases of senior party members swapping Zimbabwe dollars
for foreign exchange on the black market.


Post published in: Economy

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