RBZ Governor John Mangudya announces the introduction of RTGS Dollars

Zimbabwe RTGS Dollars are a Zimbabwean currency introduced on 20 February 2019 by the Reserve Bank of Zimbabwe. At introduction, the currency consisted of existing RTGS balances in bank accounts, Bond Notes cash and Bond Coins.

The introduction of the RTGS Dollars was announced by RBZ Governor, Dr. John Mangudya.

As it was introduced, the government also announced that the new currency's rate against other international currencies would be floated on the Interbank Foreign Exchange Market which was also introduced on the same day. This announcement officially ended the official fixing of the exchange rate of RTGS balances to the USD at 1:1.

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FULL TEXT: Why The RTGS Dollar Is Officially Called ‘ZWL’ – Magaisa Fri Mar 22 2019

RTGS Dollars Not The Only Legal Tender In Zim – Legal Think-tank Fri Mar 22 2019

WATCH: Tobbaco Farmer Threatens To Burn Her Harvest Over RTGS$ Payment Thu Mar 21 2019

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