Wednesday 19 June 2019
Home      All news      Contact us     
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...

Latest News




Most Popular (6 hours)

Most Popular (24 hours)

Most Popular (a week)