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Multi-currency regime challenge ruled not urgent
Charles Laiton ·
High Court judge Justice Joseph Musakwa has ruled as not urgent an application by businessman and lawyer, Tawanda Nyambirai who was seeking an order to interdict Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya from scrapping the multi-currency regime.
Nyambirai last week filed the urgent chamber application to bar Ncube and Mangudya from introducing or implementing any policies, regulations or decisions that may affect the value of the foreign currencies currently held by members of the public and the Real Time Gross Settlement (RTGS) balances prior to the effective date of the Presidential Powers (Temporal Measures), which outlawed the multi-currency regime.
On Tuesday this week, Justice Musakwa entertained the chamber application and ruled it not urgent.
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