RBZ Will Not Raid Foreign Currency Accounts- Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said RTGS dollars and FCA Nostros will remain the same and the central bank will not raid anyone’s foreign currency account.

He said this at a breakfast meeting in Harare to discuss the monetary policy he delivered last week.Said Mangudya:

We have never raided anyone’s nostro account, our records can testify and we will not do so going forward


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Reserve Bank of ZimbabweRTGS DollarsJohn Mangudya

The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe

Zimbabwe RTGS Dollars are a Zimbabwean currency introduced on 20 February 2019 by the Reserve Bank of Zimbabwe. At introduction, the currency consisted of existing RTGS balances in bank accounts, Bond Notes cash and Bond Coins. The introduction of the RTGS Dollars was announced by... Read More About RTGS Dollars

John Panonetsa Mangudya is an economist and the current Reserve Bank of Zimbabwe governor. Mangudya, who sits on many local and international boards .He was made RBZ governor after the expiry of Gideon Gono's term in 2014. He had been CBZ Holdings Ltd Chief Executive... Read More About John Mangudya

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