WATCH: President Mnangagwa Says RTGS$ Is Too Strong & Should Be Devalued

President Emmerson Mnangagwa was speaking in a wide-ranging interview on Capitalk 100.4 FM on Friday night.

He said the local currency, the RTGS$ is the strongest currency in the SADC region and makes Zimbabwe’s exports unnecessarily expensive.

Emmerson MnangagwaRTGS

Emmerson Dambudzo Mnangagwa is a politician and the First Secretary of the Zimbabwe African National Union-Patriotic Front. On the 3rd of August 2018 ZEC Chairperson Priscilla Chigumba announced that Mnangagwa had won the popular vote by 50.8% ,hence he was duly elected to be the... Read More About Emmerson Mnangagwa

Real-time Gross Settlement (RTGS) is a fund transfer system where the transfer of money takes place from one bank to any other bank on a "real time" and on a gross basis. Settlement in "real time" means a payment transaction is not subjected to any... Read More About RTGS

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3 comments on “WATCH: President Mnangagwa Says RTGS$ Is Too Strong & Should Be Devalued

  1. People’s salaries were pegged in USD but u continue to devalue this useless bond paper without consideration of workers salaries. U such devils u Zanu pf people.

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