THE Reserve Bank of Zimbabwe (RBZ) says the Deposit Protection Corporation (DPC) has commenced explicit deposit protection for foreign currency denominated accounts (FCAs).
In a Monetary Policy Statement (MPS) this week, RBZ governor John Mangudya said the scheme, which took effect on December 31 2021, followed extensive consultations with stakeholders including the Bankers Association of Zimbabwe, the Bank, and the ministry of Finance and Economic Development.
Advertisements
Governor of the Reserve Bank of Zimbabwe, John Mangudya.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
Login if you have purchased