Monetary Policy MP 2018

Strengthening the Multi-Currency System by introducing separate FCA accounts for Nostro and RTGS funds

www.rbz.co.zw MPS2018 October 1, 2018

Achieved

Oct 2018

Banks comply with RBZ's FCAs directive

https://bulawayo24.com 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

https://news.pindula.co.zw 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.