13/11/2020
Banks recently started advising clients they are now opening new nostro accounts to cater for cash deposits and incoming funds from abroad. The major reason behind this was to separate local United States dollars circulating on the RTGS platform and real foreign currency in the form of cash deposits and incoming wire transfers from abroad. Enock Rukarwa:Investment analyst The separation implies that nostro funds circulating on the RTGS platform cannot be withdrawn as cash in the banking hall....
https://inzimnews.com/index.php/2020/11/13/us-dollar-and-the-restoration-of-banking-confidence-in-zim/
Banks recently started advising clients they are now opening new nostro accounts to cater for cash deposits and incoming funds from abroad. The major reason behind this was to separate local United States dollars circulating on the RTGS platform and real foreign currency in the form of cash deposits...