By Rungano Dzikira

The Reserve Bank of Zimbabwe (RBZ) has ordered freezing of accounts of five additional companies, as it ramps up its efforts to contain the runaway parallel market exchange rate.

The five companies to be added into the list are Bill Height Investment, Landela Investment, Rimosa Trading Private Limited, Fossil Agro Private Limited and Traverze Travel Private Limited.

Last Friday the Apex Bank froze bank accounts belonging to Sakunda Holdings and its related entities, Access Finance, Croco Motors and Spartan Security Investments.

The Central Bank this morning directed all banks, “to freeze the accounts of the following entities; Bill Height Investment, Landela Investment, Rimosa Trading Private Limited, Fossil Agro Private Limited and Traverze Travel Private Limited. A formal directive will follow.”

This followed speculation on the companies being involved in dirty dealings and money laundering charges resulting in distortions in the parallel economy.

This move is among a slew of measures that government is implementing to cushion the public from price distortions.