Zimbabwe: We Have Not Banned the Possession of the U.S. Dollar - Mnangagwa

25 June 2019

President Emmerson Mnangagwa has reiterated that his government has only banned transactions in foreign currencies but possession of the multi-currencies is still legal.

The Central Bank yesterday abolished the use of foreign currency in local transactions in a bid to curb black market demand. The local dollar is now the only legal tender, nearly a decade after it was destroyed by hyperinflation.

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