Investor Presentaiton
TRANSACTIONS BY NGOs, EMBASSIES & INTERNATIONAL ORGANISATIONS
Non-Governmental Organisations (NGOs), Embassies and International
Organisations receive their funding from offshore.
In this regard, this special segment is allowed to pay their employee salaries
in foreign currency into an individual employee's Individual Nostro FCA.
NGOs, Embassies and International Organisations are also permitted to
transfer funds from their Nostro FCAs to Nostro FCA (Domestic) or
Individual Nostro FCA when paying for goods or services provided by a
resident (local) supplier.
This special group is also allowed to make foreign currency withdrawals from
their Nostro FCAs, however, the foreign currency cash should be sold to the
bank in exchange for Zimbabwean dollar in cases where this special group
wants to pay for goods and services using cash.
Note: The country still encourages the use of plastic and electronic money in
line with international best practices.View entire presentation