Cimas Demand US Dollars From Non-members

Cimas medical aid society, one of the largest health insurance organisations in Zimbabwe, issued a statement recently to the effect that non-members will pay for services in US dollars at its clinics.

A memo dated June 7, 2019, and addressed to Doctors-in-Charge and Sisters-in-Charge reads:

Be advised that with effect from 8 June 2019, cash patients visiting Cimas Healthcare Clinics will be required to pay US Dollars for all services and drugs they wish to access at the clinics. The prevailing Inter-Bank US Dollar rate will apply for all such transactions.

Cimas members will continue to access services and drugs in RTGS and where applicable the Nostro account will be used for Cimas Members who have such an arrangement.

CimasNostro AccountRTGS

Cimas is a medical aid society in Zimbabwe. It is one of the largest health insurance organisations in Zimbabwe. it was founded in 1945. Read More About Cimas

Not to be confused with the global meaning of Nostro Account In Zimbabwe, a Nostro account is the USD foreign currency account held by local customers of banks in the country. The account is essentially a foreign currency account introduced in October 2018 by the... Read More About Nostro Account

Real-time Gross Settlement (RTGS) is a fund transfer system where the transfer of money takes place from one bank to any other bank on a "real time" and on a gross basis. Settlement in "real time" means a payment transaction is not subjected to any... Read More About RTGS

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