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Zimbabwean Banks Declare That USD Nostro Transfers Are Not Actual USD, Deactivate MasterCards For International Use

Published: June 8, 2023

Banks in Zimbabwe have recently made a startling revelation: USD transfers from NOSTRO accounts are not equivalent to actual USD currency.

Source: iharare.com

Related Topics:

Linda Tsungirirai MasariraDavid ColtartDavid Coltart DavidcoltartShingai NdoroMthuli NcubeCard For InternationalZimbabwean Banks Sound AlarmNot ActualQuestion ValidityBanking SystemCards DeactivatedGlobal TransactionsSilence Raises ConcernsFinance Minister Mthuli NcubeCivil ServantsZimbabwean BanksInternational UseCard PrepaidMastercard Debit CardBusiness DebitMobile MoolaTelegraphic TransfersMastercard Prepaid

Are Zim banks limiting Nostro account usage, deactivating Nostros for international use?

Published: June 8, 2023

Some bank employees leaked memos shared in their organisations revealing that they are cracking down on Nostro accounts. What's going on here?

Source: techzim.co.zw

Related Topics:

Mashonaland EastZim NostroTreasury Front OfficeCard For InternationalTeam LeaderNostro Card For InternationalTeam Leader SupervisorLocal Nostro CardInternational UseMobile MoolaMastercard PrepaidMastercard Debit CardBusiness DebitTelegraph TransfersCard FakeGold DebitClassic DebitBusiness Prepaid MastercardEconet Wireless SubscribersMandela AvenueRoving TeamMastercard Prepaid CardsHopper BulkForeign Currency AccountMastercard Debit