-
Zimbabwe: High Court Reverses Central Bank Currency Conversion
The Herald, 15 May 2020
The High Court has declared unconstitutional, a Reserve Bank of Zimbabwe (RBZ) exchange control directive converting sums in accounts originally designated in US dollars into… Read more »
Central Bank's Currency Conversion Invalid, Zimbabwe Court Rules
A High Court in Zimbabwe has set aside a central bank exchange control directive which had unilaterally ordered the conversion of U.S. dollar bank account balances into Zimbabwe dollar balances at a fraction of their original value. At the time, the directive destroyed billions of dollars in savings and wreaked havoc on pension funds.
InFocus
-
Zimbabwean banks are set to lose millions after the Supreme Court ruled that debts incurred before February 2019 should be settled in the local currency at a rate on par with the ... Read more »
