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RBZ invites individuals and institutions to register as bueaux de change.

The Reserve Bank of Zimbabwe is inviting all interested individuals and institutions to register as bureaux de change as a way to enhance access to formal services for exchange of currencies in the country’s multi-currency system.

Part of the statement released by RBZ reads:

In an effort to enhance the ease of doing business and foster financial inclusion and the level of participation in the financial services sector, the RBZ is inviting all interested individuals and institutions to register as bureaux de change under the authorised dealers with Limited Authority framework as provided for under Exchange Control (Authorised Dealers with Limited Authority Order 2015, Statutory Instrument of 2015.

Currently, there is a limited number of licensed bureau de change with the majority of urban centres, including ports of entry or exit, having no formal bureaux de exchange services.

Accordingly, interested parties are being called to embrace this opportunity and provide bureau de change services to the public and travellers and enhance access to formal services for exchange of currencies in the country’s multi-currency system including bond notes.

Source: Chronicle

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