RBZ finally removes 1:1 peg on bond note against US dollar as local currency returns
THE Reserve Bank of Zimbabwe (RBZ) has effectively brought back the local currency after denoting the existing electronic balances, bond notes and coins in circulation as real time gross settlement (RTGS) dollars, making them the official legal tender,…
THE Reserve Bank of Zimbabwe (RBZ) has effectively brought back the local currency after denoting the existing electronic balances, bond notes and coins in circulation as real time gross settlement (RTGS) dollars, making them the official legal tender, as part of a host of monetary policy measures announced yesterday. The bank has also removed the […]