Zimbabwe's new currency RTGS dollars

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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. The RTGS dollars have been added to the basket of currencies that the country has been using since dollarization in 2009 when the country demonetized the Zimbabwean dollar.

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They said back in 2014 the Zimbabwe dollar was not coming back through the back door. Not the case now it seems.

monarchist

Zimbabwe's case was never about race or farms ..it is all about accountability which includes politics, corruption and greed . Amongst most countries in the world Zimbabwe is one country which can shift sectors it has vast minerals not to speak of farming. Mining on its own can boost Zimbabwe . Its clear from the video that the problem of Zimbabwe is political which includes foreign countries as well.

ricndex

Use the rands simple solution and change the president

ndumisodube

That is the only difference from switching from RTGS Balances to RTGS Dollars [ forex trading ] as the current Zim currency from 2016 remains the same...there is no new currency to be printed that was rumored, saying in 12 months?

KalanYore