The RTGS Dollar Is The World’s Worst Performing Currency In 2019 – Report

Ever since its introduction on 20 February 2019, the RTGS Dollar has weakened 82% officially according to Bloomberg. When the RTGS $ was introduced a day before the Robert Mugabe holiday, it was trading at $2.5 against the USD, it has since curved to about $ 13.85 (as of today) and around $17 on the parallel markets according to sites that track black market rates. These stats show that officially the RTGS weakened a whopping 82% since its birth exactly 7 months ago.

Apart from Argentina, whose Peso is also going through a serious depreciation due to hyperinflation, The RTGS Dollar is performing badly according to the article.

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The graph below shows the parallel market and the official exchange rate for the RTGS Dollar against the US Dollar since its introduction in February 2019.

More: Bloomberg

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