Stanbic has finally heard the cries of its civil servants customers concerning the liquidation or conversion of their US dollars in Nostro accounts to Zimbabwe dollars. Stanbic is now making it possible for civil servants to liquidate their US dollars from the bank’s USSD platform, affectionately known as Blue247.
The bank said civil servants can convert the Nostro US dollars by initiating an internal transfer to their Stanbic Zimbabwe dollar bank account. Stanbic said the forex will be converted at the prevailing official exchange rate.
How to convert Nostro US dollars to Zimbabwe dollars on Stanbic Bank’s USSD platform
>Select “Funds Transfer”
> Select “Source Account” which is option 2
>Select “Internal Funds transfer” which is option 1
>Select “Self funds transfer” which js option 1
> Select “ZWL account”
> Enter the amount that you want to convert or liquidate to Zimbabwe dollars.
> Enter “1” to confirm your transaction
> You will then receive a confirmation message in your phone when you have successfully converted your Nostro USD dollars to Zimbabwe dollars.