THE Reserve Bank of Zimbabwe (RBZ) has lifted the temporary suspension of lending by banks with immediate effect.

In a statement on Tuesday, RBZ governor John Mangudya said the lifting of the suspension did not apply to entities that were under investigation by the Financial Intelligence Unit (FIU) for abusing loan facilities to the detriment of the economy.

“Further to the circular the Reserve Bank of Zimbabwe (the bank) issued to banks on 9 May 2022, the bank wishes to advise the public that the temporary suspension of lending service by banks has been lifted with immediate effect,” Mangudya said.