News / Local
We wont raid bank accounts for forex - RBZ governor
09 May 2016 at 08:24hrs | Views
Reserve Bank of Zimbabwe governor John Mangudya has assured Zimbabweans that no single individual bank account would be raided to whip out all foreign currency.
Mangudya was responding to a question on whether USD deposits from the diaspora would be automatically converted to bond notes.
"My advise is simple, we are not touching any account. We are building confidence".
Mandudya was on a radio talk show - Morning Grill on Monday (today).
During Gedion Gono's helm as RBZ governor, central bank would routinely raid corporates and individuals forex bank accounts.
Mangudya was responding to a question on whether USD deposits from the diaspora would be automatically converted to bond notes.
"My advise is simple, we are not touching any account. We are building confidence".
Mandudya was on a radio talk show - Morning Grill on Monday (today).
During Gedion Gono's helm as RBZ governor, central bank would routinely raid corporates and individuals forex bank accounts.
Source - Byo24News
