BREAKING: RBZ Reintroduces Zim Dollar, Bans Use Of All Foreign Currencies With Effect From 24 June 2019

The Reserve Bank of Zimbabwe has with effect from 24 June 2019, banned the use of foreign currencies as legal tender.

According to Statutory Instrument 142 of 2019, the United states dollar, Botswana Pula and South Africa Rand are no longer legal tender in Zimbabwe.

Part of the SI reads:

Subject to section3, with effect from 24th June 2019, the British pound, United States dollars, South African rand, Botswana pula and any other foreign currency whatsoever shall no longer be legal tender alongside the Zimbabwe dollar in any transactions in Zimbabwe.

Also Read: FULL TEXT: RBZ Press Statement On RTGS$ & Interest Rates Following Band Of Multi-Currency

Read the full text below.

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27 comments on “BREAKING: RBZ Reintroduces Zim Dollar, Bans Use Of All Foreign Currencies With Effect From 24 June 2019

  1. Does it mean VID (eg coupons etc), Zimra (carbon tax etc) and Container Depot ( Sabot) charges at Beitbridge border post shall be paid in local currency as well for foreign registered trucks.

    1. The reason there is no currency is simple economic activities are not sufficient enough to generate the required additional foreign currency. If you got US50 million worth of activities you can only print the local currency to that equivalent anything above that will make the local currency lose value

      1. Well put . As long as we don’t have significant production levels we are wasting time. We will soon adding more zeroes and come to our senses again as in February 2009. Ma Cdes you have now worsened the situation economically.

  2. pathetic, another waste of money when a new currency is printed. Someone at RBZ is making money out of this fiasco.

  3. What measures are in place to make sure ithe new zim dollar doesn’t go the same route as the old one or its just a case of reinventing the wheel? Are we not going to see the printing of more so called zim dollar without necessary equivalent increase in economic activity??? Has conditions that led to hpyer inflation changed ?? If so what were these conditions and what specifically has changed?? Otherwise we not learning from our past mistakes.

  4. If the Zimbabwean dollar is now the only legal tender how do you expect us to pay duty in forex if the multi-currency has been out-lawed.

  5. could things get any worse than this……. no ultimatum just outlawed with imeadiate effect……this is so unbelivable

  6. People must not surrender their hard earned foreign currency.They want to fill their pockets in the name of introducing Zim dollar.They think we are stupid.They want to sweep all the foreign currency in the country to benefit them only to make the Zim dollar useless afterwards.Wake up people.You are not that stupid.

  7. Eish!!!! This govt really is stupid. I would think that tomorrow there will not be one shop open for business. What does the new Zim Dollar look like? Will they be available tomorrow before opening hours? Why is Zimra the only outfit that is allowed to use forex as payment.?

  8. there is nothing new here. they’re just avoiding the demand to pay civil servants in USD. they also should not be paid in fired nd must declare their assets. This is the real animal farm.

  9. This is fruitful. Using our local currency shows efforts in bid to mantain our country and no much of our raw materials will be wasted out in search of foregn currency. However, you must not ban the use of foreign totally but its value must not above our local currency.

  10. If the father cant aford to provide the house needs he will end up forcing kids to get married before get matured. Tozviziva kuti muri vamwe vacho bt apa pfungwa dzenyu dzasvika kumagumo kupererwa muchingotonga hapachatongeki

  11. If poor countries like Mozambique use their local currency,why not Zimbabwe?If u want to be American please go to america.full stop .

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