New forex policy 'paralyses' NGOs

Zimbabwean non-governmental organisations (NGOs) claim their operations have been paralysed since the Reserve Bank raided their foreign currency accounts (FCAs). In his mid-year Monetary Policy Statement at the beginning of October, Gideon Gono, governor of the Reserve Bank of Zimbabwe (RBZ), said NGOs would now maintain 'mirror accounts' that would reflect how much money they had in the bank while the actual money would be kept by the RBZ.