FREE FUNDS: RBZ Governor John Panonetsa Mangudya speaks on forex salaries (FULL STATEMENT)


Reserve Bank of Zimbabwe Governor Dr John Panonetsa Mangudya has assured the nation that the foreign currency that is in their accounts shall not be raided by the banks but shall be treated as free funds.

Mangudya’s statements comes when there were widespread reports that the RBZ wanted to raid foreign currency nostro accounts.

Mangudya said Non-Governmental Organisations were still allowed to paid their employees in foreign currency and the recipients could either leave the funds in the nostro accounts or change them to local currency for domestic transactions.

Read the full statement below:

Breaking News via Email

Enter your email address to subscribe to our website and receive notifications of Breaking News by email.