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Email ArticleReserve Bank of Zimbabwe governor Gideon Gono on Tuesday said the bank was trying to refund FCA account holders raided at the height of cash challenges in the country.
Gono speaking in parliament yesterday said the funds had been used as statutory reserves.
“The challenge we are facing is one where we need to give back to various stakeholders monies that the central bank took from their accounts under instruction,” Gono said.
He said he accepted responsibility for the economic crisis caused by the banks quasi-fiscal activities.
“In order to lay to rest everything or anything to do with the past I would say blame it on the Governor and I have got broader shoulders to accept and say yes, whatever we did we erred, if we erred,” Gono said.
He said the RBZ was going ahead with the disposal of its non-core assets with funds raised used to retire its $1,1 billion debt.
Gono said in a recent evaluation of the bank had put a $86 million value, but did not disclose the assets valued.
In December 2010, it was revealed that the Bank raided some US$83 million from the statutory reserves of local banks, US$80 million from mining firms and other exporters as well as US$20 million from the accounts of non-governmental organisations.
Funds seized by Gono included US$7.3 million donated by the Global Fund to Fight AIDS Tuberculosis and Malaria and meant to fund programmes to combat HIV/Aids and other killer diseases.
The RBZ eventually paid back the money.
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