Zimbabwe: RBZ Reintroduces Multi-Currency System to Ease COVID-19 Pressures

The Reserve Bank of Zimbabwe (RBZ) has lifted its ban on the use of foreign currency in carrying out domestic transactions saying this was to facilitate ease of transacting during the current coronavirus period.

The surprise policy pronouncement is among a slew of measures introduced by the apex bank in the ostensible attempt by Zimbabwean authorities to prepare the nation for financial pressures brought by the global pandemic.

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