US dollars Bond notes Zim dollars

High Court declares RBZ’s 2018 Directive which converted US dollars to RTGS dollars invalid

The High Court has ruled that the RBZ Directive issued in October 2018 which separated Nostro Foreign Currency Accounts and RTGS Accounts is illegal. In the ruling, the judge said it was unconstitutional for RBZ to just wake up and change the value of money in a bank accounts by just renaming it from US … Continue reading High Court declares RBZ’s 2018 Directive which converted US dollars to RTGS dollars invalid