Zimbabwe's Reserve Bank Announces Separate Currency

Zimbabwe will now allow its surrogate currency, bond notes, and electronic funds to float freely against other major currencies, the Associated Press reports in an article carried in New Zimbabwe. The country has not had a local currency since 2009 when it abandoned the Zimbabwe dollar due to hyperinflation.

  • Zimbabwe:   Reserve Bank Introduces New 'RTGS' Currency

    allAfrica, 21 February 2019

    Zimbabwe will now allow its surrogate currency, bond notes, and electronic funds to float freely against other major currencies, the Associated Press reports in an article carried… Read more »

  • Zimbabwe:   RBZ Floats U.S. Dollar Exchange Rate

    The Herald, 20 February 2019

    The Reserve Bank of Zimbabwe (RBZ) has liberalised the US dollar exchange rate against Real Time Gross Settlement (RTGS) balances, bond notes and all currencies in the… Read more »

Photo: The Herald

Reserve Bank Governor John Mangudya presents the Monetary Policy Statement.

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