Browsing: RTGS dollars

Is the US Dollar now illegal in Zimbabwe? Andy Hodges answers your questions on ZTN

This was the shocking moment President Emmerson Mnangagwa mocked Zimbabwe’s own RTGS currency.

The debate as to whether Zimbabwe now has an official currency or not has remained topical (high) on the streets of Harare. This follows an announcement on Wednesday by the country’s central bank that it was redenominating the bond notes, coins, and RTGS balances to RTGS dollars, which can now be traded on the foreign exchange market. Analysts say the move is a technical but not official admission by the authorities of the prevailing economic conditions.