RBZ warns against offshore property deals
www.financialgazette.co.zw February 15, 2018
RBZ governor John Mangudya has warned against making offshore payments for immovable properties sold in Zimbabwe. “Stakeholders in the property market sector are advised that such practices are not consistent with current exchange control rules and regulations. Accordingly, all proceeds from the sale of immovable properties in Zimbabwe should be received in the country and accounted for through the normal banking channels,” he said.