BAD NEWS: Zimbabwe’s RTGS dollar plunges by 16 percent

ZIMBABWE’S local currency, the RTGS dollar, has plunged by as much as 16% since it was introduced last month. The Reserve Bank of Zimbabwe scrapped its discredited 1:1 dollar peg for surrogate bond notes and electronic dollars last month, merging them into a lower-value transitional currency called the RTGS dollar as part of monetary policy […]