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*Govt To Announce Statutory Instrument To Protect Nostro Accounts* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?vh Finance and Economic Development Minister Mthuli Ncube said Government will announce a Statutory Instrument to protect nostro accounts for individuals and the private sector. Nostro account refers to an account that a bank holds in a foreign currency in another bank. Said Ncube: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > Over and above the Nostro Deposit Protection Guarantee from Afreximbank, we are also reinforcing nostro foreign currency accounts with a statutory instrument to guarantee that these are private deposits and neither the Reserve Bank nor Government has any access to them. *Also Read:* *Afreximbank Has Offered To Guarantee 1:1 Convertibility Of RTGS Balances Into US$ – Mthuli Ncube* More: Herald _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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