Zimbabwe’s new currency RTGS dollar TUMBLES

Zimbabwe’s new currency, the RTGS dollar, has shed more than 20% of its value since its introduction as the availability of foreign currency on the formal market remains subdued. By Friday the RTGS dollar had weakened to RTGS$ 3.0120 against the US dollar, a 20% drop. This means Us$100 fetches over RTGS$400 on the alternative […]