SI 33/19RTGS DollarsInterbank RateSupreme Court ActDeclaratory Order
Tags
CurrencyJudgment DebtExchange RateDeclarator
legislation
Statutes Cited
Supreme Court Act [Chapter 7:13]
Supreme Court Act [Chapter 7:13]
Constitution of Zimbabwe
ai analysis
Case Summary
Key Issues
{"issue_text":"Whether the Supreme Court judgment in SC 92-22 is a judgment debt affected by the provisions of s 4(1)(d) of SI 33/19 (requiring payment at one-to-one rate).","issue_type":"law","dispositive":"yes","related_facts":"Date of SC judgment vs Effective date of SI 33/19"}
{"issue_text":"Whether the judges who sat in SC 92-22 should recuse themselves from hearing this appeal.","issue_type":"procedural","dispositive":"no","related_facts":"Judges Uchena JA and Kudya JA were on the bench for SC 92-22"}
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background
Facts of the Case
Background
The appellants obtained a Supreme Court judgment in US dollars against the respondent on 29 July 2022. The respondent sought a declarator to pay this debt in local currency at a one-to-one rate, arguing the liability arose from a 2015 High Court judgment. The High Court agreed, but the Supreme Court overturned this, ruling the debt arose after the effective date of SI 33/19 and must be paid at the interbank rate.
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