Skip to main content

Bank Deposits (Zimbabwean Residents)

Volume 983: debated on Thursday 1 May 1980

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Chancellor of the Exchequer what is the total amount of deposits with United Kingdom banks held by residents of Zimbabwe which were blocked after the unilateral declaration of independence; and what arrangements are being made to allow these depositors to withdraw such moneys now that Zimbabwe has a legal Government.

It has been estimated that the value of Rhodesian assets blocked in the United Kingdom was probably in excess of £100 million. All restrictions on the transfer of sums deposited in United Kingdom banks by residents of Zimbabwe were lifted on 13 December 1979.