October 7, 2019

We Will Not Raid Nostro Accounts: RBZ

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Hanganani Nleya

The Reserve Bank of Zimbabwe (RBZ) has dismissed as false, reports that it will raid depositors’ Nostro Accounts.

Reports at the weekend claimed that the Central Bank had ordered banks not to dispense US dollars to FCA Nostro Account holders.

In a statement on Monday the RBZ said, “The Reserve Bank of Zimbabwe would like to dismiss the social media reports suggesting that Nostro Accounts will be raided by the RBZ and Ministry of Finance and Economic Development.

“This assertion should be dismissed with the contempt it deserves. There hasn’t been any change in the operation of Nostro Accounts,” the statement said.

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