Zimbabweans React To Nostro/FCA Forex Withdrawal Ban

A few hours after the government outlawed the multi-currency system, they issued the directive on how FCA/Nostro withdrawals must be handled by banks. Scores of people were wondering how Diaspora remittances would be handled. The ministry of Information took their time to enlighten masses on the new development.  According to the Ministry of Information and Publicity:

Please note that Diaspora remittances shall continue to be received in foreign currency. Recipients shall have 3 options to receive remittances: * in cash *sell their remittances on a willing-seller-willing-buyer basis to Bureaux de Change, or deposit into Individual Nostro FCA


However, Zimbabweans took to social media to register their displeasure about the new directive from RBZ that bans Forex withdrawal from Nostro accounts.

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