M
Mhofu_92
about 2 months · in Mount Pleasant
If a tenant paid a $1,000 USD security deposit in 2023, but the law now requires certain transactions in local currency, can the landlord legally refund that deposit in ZiG at the 'official' rate, or is there a 'Value Retention' clause implied by law?
I’m moving out of my rental in Mt Pleasant. I paid my deposit in 'Hard USD' cash. Now the landlord wants to refund me in ZiG (ZWG) via bank transfer using the bank rate, which is 30% lower than what I need to pay for my new house's deposit. I need to know if the Rental Board has a specific ruling on 'Currency of Origin' for deposits in a multi-currency environment.
