IT is hereby notified that the Minister of Finance and Economic Development has, in terms of section 81(1) as read with section 81(5) of the Banking Act [Chapter 24:20] and in consultation with the Reserve Bank of Zimbabwe, made the following regulations:—
1. These regulations may be cited as the Banking (Amendment) Regulations, 2022 (No. 8).
2. The Banking Regulations, 2000, published in Statutory Instrument 205 of 2000 (hereinafter referred to as the “principal regulations”), are amended in section 3 by deletion of “fifty thousand dollars” and substitution of “an amount, in local currency, equivalent to five thousand United States dollars at the official rate”.