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Tag: Currency reform

Posted inNews

Currency reform losses: Govt to compensate depositors, pensioners

by Mandla Tshuma 27th November 202027th November 2020

The government will next year compensate bank depositors and pensioners for losses they incurred during the local currency reform process when financial authorities made a U-turn on the 1:1 exchange rate between the United States dollar and the bond note. In February 2019, the Reserve Bank of Zimbabwe introduced a market determined exchange rate through […]

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