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According to group chief executive officer Lawrence Nyazema, the funds are expected to be disbursed before year-end, providing a much-needed injection of capital for businesses.
The exercise, which is being carried out across the group, will see the first tranche of the affected executives going on garden leave on October 1 with contracts being terminated by end of year.
Bankers Association of Zimbabwe president Lawrence Nyazema is on record stating that Zimbabwe had correspondent banking relationships on different currencies.
In an interview with businessdigest, BAZ president Lawrence Nyazema said the fact that the monetary authorities were maintaining the multi-currency system was a positive move.