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Zimbabwe Introduces New Currency Code, ZWG

9 months agoWed, 26 Jun 2024 06:18:51 GMT
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Zimbabwe Introduces New Currency Code, ZWG

Zimbabwe’s international currency code is now ZWG, after the introduction of the ZiG in April.

The codes ZWL and ZWG will run concurrently from June 25, 2024, to August 31 2024 when the ZWL code is set to expire.

This was revealed in a letter addressed to the Bankers Association of Zimbabwe (BAZ) chief executive officer, Fanwell Mutogo, by the Reserve Bank of Zimbabwe’s Deputy Director, Financial Markets – National Payment Systems and FinTech Department, Josephat Mutepfa.

The letter, dated 25 June 2024, reads in part:

The Reserve Bank of Zimbabwe advises that World Bank ISO 4217 Committee has approved our request to change the Zimbabwe Currency Code from ZWL to ZWG (Zimbabwe Gold) effective 25 June 2024. It should also be noted that the minor units of the Zimbabwe Gold shall be denominated as ‘cents’.

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The Codes ZWL and ZWG will run concurrently from the 25th of June to the 31st August 2024 to allow necessary system configurations by players. In this regard, the ZWL currency code will cease to be recognized from the 1st of September 2024.

The Reserve Bank of Zimbabwe encourages all banking sector players to therefore make necessary arrangements to facilitate a smooth transition to the new Currency Code- ZWG.

More: Pindula News

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40 Comments

Tafman · 9 months ago
movhiringidza zvichembere mhani
dj TECH · 9 months ago
Inga zve**** zvichirikuenderera
Hatina murowe · 9 months ago
Vanangu TSVAGAI MARI. Zig, zwg, US, Rand etc. Zvekuswero ropota izvi zvinokuswetai Simba, zvigoku discourager, wotadza kutsvaga Mari. Kana waiwana eat, drink, and enjoy yourself. Life is too short. Unochena misoro sesu usati wagutsikana ne rate.
Onini · 9 months ago
Whatever as long tichirarama
Anonymous · 9 months ago
definitely ZIG-ZAG
laugh emoji1
Anonymous · 9 months ago
Well done Mr President, a country should embrace it's own currency. Pasi nekunamata wapambevhu!!
1
1
· 9 months ago
Mabvudzi anenge ZiWiG
laugh emoji5
Anonymous · 9 months ago
Should be renamed the Pothole, as everyone is trying to avoid it!
laugh emoji3
Anonymous · 9 months ago
Kkkkkkk musazvinetse henyu hapana chisingaperi hama
zozo · 9 months ago
its note a new currency but a new code like we used to have zim dollar as a code ow zwg code for the zig
Gandanga · 9 months ago
This is nonsense at its peak.
@Vhedza · 9 months ago
Zimbabweans ma1 pretending as if they do not know or understand what ISO means.😀
...,. · 9 months ago
why get an international code if it cannot be used outside our borders? it cannot even buy fuel or be used to pay for a local passport!
Pr · 9 months ago
OK nhai tave ne zwg kkkk
june · 9 months ago
iyezvino yakukwira haichadzike kana kukwira kungoramba iri pairi Mari chero iri Mucard inongotenga kwete kuti haichatenga Mari zig kumberi ende vese varikukwidxa rate ngavasungwe muchaita right zvenyu mukainda mumugwagwa munofira mahara bvudzai vekukenya
· 9 months ago
Yaaa, chando charova. Dzako pfungwa dzabva dza freezer nechando ichi. Enda pamushana, maybe your brain will thaw a little bit and maybe you can start thinking again
Giniuswa · 9 months ago
You are correct comrade. Now our currency makes sense, we have to keep protecting it, it's my job and yours even you haters
Zim-Sketch · 9 months ago
we have accepted that $1:20 ZiG or ZWG or whatever you call it.
· 9 months ago
or ZiWig as @comments reader called it! 🤣🤣🤣
Guniuswa · 9 months ago
Tichakusunga kusvika wapinda mugwara re 13.56
buddmunn banana · 9 months ago
kuchinja mazita emari zvinowedzera value here maZanu dogs
Anonymous · 9 months ago
Uka bvunza zvakanaka usingati vamwe dogs, tokupindura mbudzi yomunhu
,,,,,dott · 9 months ago
zig manyama
Anonymous · 9 months ago
Kkkk was in last week checking my son on attachment the crackdown seem to be working, for how long is my question
The Sultanate Of The Bhurunai · 9 months ago
ZiG is backed by police and Zanu pf propaganda ain't no gold 🪙 nekuti gold belongs to the president nembavha biyake
BBC · 9 months ago
mmm yaaa zvakaoma muzim
Anonymous · 9 months ago
Playing with the alphabet, will not fixed a doomed currency.
· 9 months ago
They will run out of names just like they ran out of colours during the Bearer cheque days 🤣🤣🤣
Anonymous · 9 months ago
Ugowanei
Sir Zimbabwe · 9 months ago
Command economy it never work for ever ❗, kuno varikuti 1:21 ko ikoko
Zimbabwe · 9 months ago
1:13.23
· 9 months ago
@Zimbabwe, which country do you live in? Utopia? or Outer Mongolia?
VITAL · 9 months ago
Zvakaoma hazvo
million · 9 months ago
gore rezvidzidzo
BIG T 🫖☕🍵 · 9 months ago
yo! tambonzwa nezve mari
king 98 · 9 months ago
zvinyowani tinongobura
king 98 · 9 months ago
eeeya

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