Zimbabwe’s banks on Friday started trading a new currency with corporate clients and individuals, although interbank trading won’t begin until Monday, a banking source said.
Zimbabwe’s central bank announced on Wednesday it would scrap the official 1:1 peg between its quasi-currency bond note and the U.S. dollar, launching a new currency known as RTGS dollars.
The central bank began selling U.S. dollars to banks on Friday morning at a rate of 2.5 RTGS to the greenback, its governor said.
more recommended stories
Beitbridge boarder truck delays affecting business; South Africa tells ZimbabweSouth Africa has accused Zimbabwe of.
-
Zimbabwe’s Ex-finance minister Simba Makoni arrested over foreign exchange violations
Zimbabwe’s former finance minister Simba Makoni.
-
Zimbabwean court struggles to pin charges on Kuwadzana Orgy gang
The state is struggling to pin.
-
Zimbabwe’s Nelson Chamisa safe after his car allegedly shot at in Mutare
The Zimbabwe opposition leader Nelson Chamisa.
-
Zimbabwean artisanal miners take the law into their own hands
The vexed question of what role.
-
Illegal Sanctions hurt vulnerable in society Mnangagwa tells UN envoy
Zimbabwean President Emmerson Mnangagwa on Monday.
-
South Africa rejects door on Russia’s Sputnik V vaccine – which Zimbabwe approved
South Africa’s drugs regulator said on.
-
Zimbabwean teacher who assaulted student blames toothache on his violent behaviour
The school teacher who last week.
