Tuesday 13 November 2018
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ebusinessweekly - 26 days ago

Ring-fencing nostro dollars a policy masterstroke!

Recently the RBZ reiterated a policy measure, first announced earlier in February this year that the financial sector was now required to ring fence NOSTRO receipts and free funds as well as foreign currency cash deposits into special Foreign Currency Accounts designated as Nostro FCAs. This measure, meant to distinguish locally exchanged US dollars in [ ]

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