Zimbabweans who lost their Zimdollar savings will be compensated next
year as $20 million would be availed to financial institutions, Finance
Minister Patrick Chinamasa revealed yesterday during his 2014 National
Budget speech presentation in Harare.
Chinamasa said all account holders would be compensated.
"It
is imperative, that the Zimbabwe dollar is demonetised and that
Zimbabwe dollar balances, including Zimbabwe dollar Paid Up Permanent
Shares (PUPS) balances are converted to US dollars for those accounts in
financial institutions' books as at 31 January 2009.
"This
measure, apart from reassuring the public that the multi-currency system
is here to stay, will go a long way in compensating the public who lost
their money as a result of hyper-inflation.
"An indicative amount of $20 million is required for this purpose" he said.
- zimbabwefocus
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