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Chiedza Madzima Profile picture
Chiedza Madzima
@ChiedzaMadzima
Head of Operational Risk @FitchSolutions All views are my own, no alternative facts here. Retweets are not endorsements.
Mar 26, 2020 • 11 tweets • 4 min read
If you read the RBZ statement too quickly, you'll miss the key detail here. Zimbabwe's govt is allowing "free funds" ( money in an FX nostro account) to be used for local DIGITAL transactions, that implies it must be banked.. newzwire.live/zimbabwe-lifts… via @newswireZW #zimbabwe ..and if one pays for goods and services with these funds "via digital means in the interest of social distancing", the rate will be fixed at ZW$25:US$1, since the directive does not say goods can be charged in US$, they will stil lbe charged in ZW$ #Zimbabwe