Breaking: Zim Dollar is back!  - Zimbabwe Situation

Breaking: Zim Dollar is back! 

Source: Breaking: Zim Dollar is back! – NewsDay Zimbabwe June 24, 2019

HARARE – International and regional currencies such as the rand, US Dollar, Botswana Pula and British Pound will no longer be acceptable in Zimbabwe as legal tender after the Finance Minister gazetted mandatory and sole usage of the Zimbabwe Dollar for all local transactions.

Zimbabwe has been using multiple currencies since 2009 when hyper-inflation ravaged the country’s local unit. In 2016, the central bank of Zimbabwe introduced bond notes which traded at par with the US Dollar but have quickly been losing value.

Earlier this year, Zimbabwe introduced a new currency, the RTGS$ with President Emmerson Mnangagwa and the Finance Minister, Mthuli Ncube, saying in the past few month that Zimbabwe was set to have a substantive currency of its own. iol.co.za

What do you think about the return of the Zim Dollar?

COMMENTS

WORDPRESS: 10
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    Fasten your seatbelts folks. Here comes hyperinflation.

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    Alfred 4 weeks ago

    When the Zim Dollars come back we are going to change our economy because our economy is looking like the rubbish cloth

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    But are there enough RTGS notes to suppl;y everyone? How long will we have to wait in queues?

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    Ndebele 4 weeks ago

    Well done Eddie and ED and Mthuli – legalised theft of the peoples’s money now. Zanu can carry and trade as much forex as it wants – but it will be controlled by the ED, Eddie and Mthuli Cartel.

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    Khomba 4 weeks ago

    Clearly a move to rob the people once more.

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    You want to play games let’s see how far you get. Robbery that what it is. Greedy Zanu. It like they care nothing for the future.

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    dubonus 4 weeks ago

    Dust off those 00000000000000000’s that will soon make a comeback on the new ‘currency’. Do they ever think things through properly, or learn from the past?

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    Muzimbo wakarwawo hondo 4 weeks ago

    Ndiyo Pfeee yamakadaka iyi… Zim Dollar Pfeee.Mudhara wacho ishumba inoruma.Muchatimadzidza pekuisa mavotes hamusati matii

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    ace mukadota 4 weeks ago

    Greshams Law has been proven to be 100 % correct in ZW – bad money has driven out good money.
    Now the real fun starts comrades – as someone said fasten your seat belts – interest rates up to 50% and soon the zeroes will start appearing.
    All those who understood Greshams law will of course have their USD hidden under the bed – your day to shine has arrived comrades.
    All those with money still inside a ZW bank will now have RTGS dollars & welcome to poverty – your money you thought were USD are now almost worthless fiat money – you should have listened to the Gresham story. ZANUPF has robbed you once again – but u have learnt a lesson.

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    Truth 4 weeks ago

    It’s about time! most people weren’t getting paid in US$ and let’s not forget there is a massive shortage of US$ in the market. Clearly, the people commenting here were either profiteering by the illegal practices on the black market that was fueling inflation and in the process hurting the ordinary Zimbabwean, or you just plain ignorant and not noticing the daylight robbery happening under your noses by the foreign currency cartels.