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Court rules that US$ debts be settled in RTGS

Top Stories

Court rules that US$ debts be settled in RTGS

CHIEF Justice Luke Malaba has ruled that debts which were incurred in United States dollars before February 22, 2019 can be discharged in local Zimbabwean currency at the rate of 1:1. Malaba made this conclusion in a Supreme Court appeal filed by Zambezi Gas Zimbabwe (Private) Limited, against N.R. Barber (Private) Limited and the Sheriff…

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