Monetary Policy MP 2018

Strengthening the Multi-Currency System by introducing separate FCA accounts for Nostro and RTGS funds MPS2018 October 1, 2018
Oct 2018

Banks comply with RBZ's FCAs directive October 18, 2018

Local banks have started creating separate Nostro Foreign Currency Accounts (FCAs) and Real Time Gross Settlement (RTGS) FCAs in line with a directive issued by the Central Bank early this month.

Oct 2018

Banks Given Two Weeks To Separate Nostro Foreign Currency Accounts And RTGS Deposits October 01, 2018

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has ordered banks to separate Nostro foreign currency accounts (FCAs) from the real-time gross settlement (RTGS) deposits. This effectively means the Nostro FCA will be for actual United States Dollars while the RTGS accounts will be for electronic money and bond notes.