Zimbabwe: Fresh Measures to Foster Price Stability

2 October 2018

The Reserve Bank of Zimbabwe (RBZ) has given banks until mid this month to create separate foreign currency accounts for nostro and real time gross settlement (RTGS) accounts as part of measures to preserve value for foreign currency earners and to boost market confidence.

Monetary authorities expect the measure to strengthen the multi-currency system for financial and price stability and to increase foreign currency inflows, while buttressing Government's economic reforms that began last year.

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