NGOs, Embassies Can Still Pay Workers In Foreign Currency - Mangudya

The Central Bank Governor, John Panonetsa Mangudya has swiftly moved to clarify several issues on a directive the Bank issued on Tuesday.

Speaking in an exclusive interview with ZBC News from China on Wednesday morning, Mangudya said:

Individuals will continue withdrawing their foreign currency from their FCA accounts but will have to change it through the interbank market and bureaux de change in order for them to be able to transact locally.

Non-governmental organisations, embassies and other foreign organisations can still pay their employees in foreign currency.

No one is being deprived of their money, only that the government is ensuring the preservation of foreign currency for foreign payments. Local companies are supposed to charge in local currency.

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Zimbabwe is just doing what all other countries are doing regards foreigners/ tourists coming into the country with foreign currency.

More: ZBC News Online