Finance and Economic Development Minister Mthuli Ncube revealed that the RTGS dollar is simply the dollar and people should not be confused with the prefix.
He was responding to Matabeleland North Senator Phylis Ndlovu who had asked him to explain the meaning of “RTGS Dollars” to rural people.
Ndlovu pleaded with Ncube to translate the RTGS dollar to the indigenous languages of Zimbabwe. In response, Ncube said:
Real-Time Settlement System (RTGS) is actually our dollar. You just tell the people that RTGS is our dollar, just that.
They can pay through Ecocash and swipe, while others may use the bond notes. The bond notes and RTGS are equal.
This is our position as government. There is no need for us to explain that in indigenous languages. It is just our dollar.