News

POSB In Hot Soup Over Leaked Bond Notes Pictures, Sued For $500K

People’s Own Savings Bank (POSB) has reportedly been sued for $500,000 by The Reserve Bank of Zimbabwe (RBZ)  after the bank’s employees allegedly leaked images of bond notes before their official introduction. POSB In Hot Soup Over Leaked Bond Notes Pictures, Sued For $500K.

POSB In Hot Soup Over Leaked Bond Notes Pictures, Sued For $500K

POSB workers who were suspected to have leaked the pictures have been fired with immediate effect. This came after the central bank announced on Saturday that the bond notes  a local currency designed to palliate a biting US dollar shortage in unofficially dollarised Zimbabwe.

Images of the currency in a bank vault surfaced on social media platforms before their official launch which was regarded as violation provisions of the Banking Act.

 

Related Articles

Back to top button