In a legal case brought about by Penelope Douglass Stone and Richard Harold Stuart Beattie regarding $142,000 converted by their bank into {worthless} Zimbabwe Dollars at the rate of 1:1
The High Court of Zimbabwe on 15th February 2023 ruled that laws used to convert US$ balances into Zimbabwean dollars were unconstitutional to the extent that they violated property rights. Further, it ordered Respondents to pay the money to Applicants in US$ [USD] not Zim$.
Source: Shava Law Chambers @shava_law https://twitter.com/shava_law/status/1626542727881015298?s=20
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In a legal case brought about by Penelope Douglass Stone and Richard Harold Stuart Beattie regarding $142,000 converted by their bank into {worthless} Zimbabwe Dollars at the rate of 1:1
current rate 1300:1!! See Prof Steve Hanke data on depreciating currencies - with the Zimbabwe Dollar being the World's worst performer.
It remains to be seen if the highly politised Judiciary in Zimbabwe will honour this case and return USD to the victims of this State Sponsored Crime! Unfortunately this is a huge case and involves the entire population