How People Reacted To Introduction Of “RTGS Dollars”

Use EcoCash to buy NetOne & Telecel airtime online. Tap here

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya announced the introduction of the RTGS Dollars.

Presenting the 2019 Monetary Policy Statement on Wednesday afternoon, Mangudya said existing RTGS / bond balance will be denominated as RTGS dollars, to enable an exchange rate between RTGS / bond and USD with willing buyer / willing seller process. He sais RTGS dollars will be used by all businesses and government. Below is how Zimbabweans on twitter reacted to the introduction of the RTGS dollar:

Related

Reserve Bank of ZimbabweJohn Mangudya

The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe

John Panonetsa Mangudya is an economist and the current Reserve Bank of Zimbabwe governor. Mangudya, who sits on many local and international boards .He was made RBZ governor after the expiry of Gideon Gono's term in 2014. He had been CBZ Holdings Ltd Chief Executive... Read More About John Mangudya


Quick NetOne, Telecel, Africom, Econet Airtime Recharge

WhatsApp Discussions

Click to subscribe to a Pindula WhatsApp Group:
https://chat.whatsapp.com/HZWm6EF4MMsFo3ZpFvB16Q

If you find the group full, please notify us on +263 777 707 852 and we'll update the link.

4 comments

  1. Anonymous Reply

    This Mangudya once said that if the ma bond were to be rated he will resign. What is he still doing in office. Biblically mambo we Egypt akaomeswa moyo naMwari vachida kumu punisher. Mangudya be careful . Ungadai uchiomeswawo moyo . Pazvinokusvitsa haupazive. You said it on your own Kuti you will resign and in that way you swore nechigaro Chaka chehu govener. ( ndino resigner kana Ma bond aka retwa) swearing ma 1 my friend. Apa you did in public. If l were you l would owner my promise . To be a governor is not every job and to resign is not the end of your life . Akuudza ndewako.

  2. godfrey chikowore Reply

    RTGS Dollar is a cumulative expression of the bond notes and coins which is basically theoretical and more accurately technical move which essentially avoids the crux of the matter on economic recovery through well programmed industrialization programs having a balanced domestic- regional and international focus. Its focus on exporters to the exclusion of other stakeholders in national – economy building makes it less prospective, its bound to have more costly stumbling blocs down the way, as other players react to it.Remember without a restored industry speculation around any Zimbabwe currency will remain rife, better consider the US$ [as it eliminates all speculation] while leading the nation on a robust industrialization program for both rural and urban communities, at a zero corruption tolerance principle.

  3. ndlovu Reply

    We are in dark as to how city council or municipal debts owed by residents will be now quotated in which currency now bond notes or us dollrars

Leave a Reply

Your email address will not be published.