Saturday 17 November 2018
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chronicle - 1 month ago

Banks comply with RBZ FCAs directive

LOCAL banks have started creating separate Nostro Foreign Currency Accounts (FCAs) and Real Time Gross Settlement (RTGS) FCAs in line with a directive issued by the Central Bank early this month. The Reserve Bank of Zimbabwe (RBZ) gave banks until mid this month to separate the two accounts as part of measures to preserve value [ ]

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