FORMER Finance Minister Tendai Biti has claimed that Zimbabweans keeping their money in Nostro Foreign Currency Accounts risk having their money seized by Government.
“You recall that in the last monetary policy statement of October 2018, John Panonetsa Mangudya created two accounts; the Nostro RTGS and Nostro FCA. Now I want to warn Zimbabweans. I am not a prophet. I’m not a marabout but most things that I say come true.
“Those of us who are keeping money as Nostro FCA, this regime is going to run out of money and as has happened in the past those accounts will be expropriated. Mark my words,” Biti warned.
Biti, who is also the opposition MDC deputy national chairperson and Harare East legislator, was speaking during an analysis of the 2019 Monetary Policy Statement presented by RBZ governor John Mangudya on Wednesday.
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