Civil servants Nostro debit cards

RBZ speaks on unavailability of Nostro debit cards for civil servants

Some civil servants have been wondering why their respective banks haven't availed debit cards for their Domestic Nostro accounts, weeks after Finance Minister Mthuli Ncube announced the US$75 allowance. Well, the answer is here now. In a statement released by the Reserve Bank of Zimbabwe this afternoon, the central bank said many banks were caught … Continue reading RBZ speaks on unavailability of Nostro debit cards for civil servants

CBZ banks civil servants Nostro US dollars

Banks accused of holding civil servants at ransom over Nostro account US dollars

Secretary for Information Nick Mangwana has called out banks that are forcing civil servants to convert their US Dollars in their Nostro accounts to local currency within banks they bank with. Some unscrupulous banks are impelling civil servants to liquidate their US$75 within the bank, in the process shamelessly mopping up forex from poor workers. … Continue reading Banks accused of holding civil servants at ransom over Nostro account US dollars