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Tag: The Reserve Bank of Zimbabwe

Banks Given Two Weeks To Separate Nostro US Dollar Accounts And Local RTGS/Bond Accounts

The major highlight of today’s monetary policy statement was the directive that banks must now separate the Nostro foreign accounts and local RTGS or Bond with effect from 15 October 2018. What it means This means that unofficially Zimbabwe has two currencies, that’s US dollars and RTGS/Bond. Consequently, banks will allow depositors to hold separate accounts […]