RBZ lifts Access Forex suspension

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Reserve money increased to $29,2 billion

THE Reserve Bank of Zimbabwe (RBZ) has given Access Forex the green light to resume domestic foreign currency remittance activities after processing its licensing ‘update’ application.

The country’s fastest growing domestic and international money transfer platform, had been suspended due to pending exchange control regulatory approvals.

In a communique seen by this publication, the RBZ yesterday said the company has now fulfilled exchange control compliance issues and can now go back to the market to trade freely.

“We write to acknowledge receipt of your letter dated February 22 wherein Access Forex is seeking exchange control authority to engage in domestic foreign currency money transfer business (city to city). We also make reference to our letter of suspending this product until
regularisation of the same with Exchange Control,” the RBZ letter says.

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