Comment: Gono must repay

As normalisation slowly returns to the country’s economic sector, it is time to revisit and correct some of the sins committed by the Reserve Bank of Zimbabwe (RBZ) when it invaded and garnished individual and companies’ foreign currency accounts (FCAs) in the name of busting sanctions.

Although it may have been justifiable at that time to accept what would normally pass for a criminal act, now that the dust has settled, the RBZ must reimburse those affected.

Bankers’ Association of Zimbabwe president John Mushayavanhu told the Parliamentary Portfolio Committee on Budget, Finance and Investment Promotion on Monday that many companies whose FCAs were garnished are now struggling to operate.

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