Zimbabwe: RBZ Explains Reforms to Churches

Reserve Bank of Zimbabwe Governor Dr John Mangudya yesterday met church organisations, under the banner of the Zimbabwe Amalgamated Church Council (ZACC) and explained the new local currency regime following the recent scrapping of multi-currencies.

Government removed the multi-currency regime through Statutory Instrument 142, and restricted domestic transactions to the Zimbabwe dollar, in an effort to enhance the affordability of goods and services by the majority.

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