Home Business RBZ Speaks On Local US$ RTGS Accounts Reports.

RBZ Speaks On Local US$ RTGS Accounts Reports.

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The Reserve Bank of Zimbabwe has dismissed social media reports that banks are opening new accounts referred to as “local USD RTGS transactions.

In a statement seen by GreatDykeNews24, the bank described the reports as “false and misleading”, saying there were already systems in place for both local and foreign payments in US dollars.

The statement noted that when the multicurrency system was put in place in 2009, there were problems of settling US dollar transactions within the local market until the RBZ put in place a system to settle such payments.

Below is the statement…

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