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Economy

Restore market confidence by ensuring efficient circulation of cash through the banking system.

In Progress

The Reserve Bank of Zimbabwe separated RTGS and actual USD (Nostro account) to inspire investor confidence.

Herald

    

Oct. 1, 2018

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has ordered banks to separate Nostro foreign currency accounts (FCAs) from the real-time gross settlement (RTGS) deposits. This effectively means the Nostro FCA will be for actual United States Dollars while the RTGS accounts will be for electronic money and bond notes. According to the governor, the Nostro foreign currency accounts will be used to stamp out the leakages of foreign currency leakages onto the black market.

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