Restaurant receipt rattles central bank

The central bank is investigating allegations of currency manipulation and pegging of prices at more than twice the official exchange rate. Moneyweb reports that a restaurant receipt circulated on social media linked to an outlet owned by Simbisa Brands, the largest fast-food operator in the country, is the focus of the Financial Intelligence Unit’s investigation. ‘Perpetrators shall be brought to book,’ the central bank said in a Twitter post. Warren Meares, the MD at Simbisa Brands, declined to comment. Finance Minister Mthuli Ncube has warned businesses that pricing their goods and services using black market rates will result in their operating licences being suspended.

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