Wednesday 19 June 2019
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businessdaily - 8 days ago

RTGS dollar plunges by 140%

ZIMBABWE S local currency, the Real Time Gross Settlement (RTGS) dollar, has plunged by 140% to trade at US$1:ZWL$6 on the official interbank market, nearly four months after its introduction in February this year.The Reserve Bank of Zimbabwe (RBZ) introduced the currency after scrapping the discredited 1:1 dollar peg for the surrogate bond notes and electronic dollars, merging them into a lower-v...


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