Announcement of floating RTGS dollar sparks new wave of financial uncertainty
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Zimbabwe’s RTGS dollars explained | IOL Business ReportMangudya said in a 2019 Monetary Policy Statement that the government had to do away with the 1:1 valuation for bond notes against the US dollar.
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Formal trading in new Zimbabwean currency beginsThe initial rate for Zimbabwe's currency, known as RTGS dollars, will be 2.5 per US dollar
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Zimbabwe launches new, discounted currency as banks reopenZimbabwe The Reserve Bank of Zimbabwe said on Wednesday it would scrap the official 1:1 peg between its quasi-currency bond note and the US dollar, creating a new parallel currency called RTGS dollars.
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Zimbabwe company to donate laptops to underprivileged SA learners | IOL NewsNeedy students at various South African higher education institutions are set to receive laptops, as Zimbabwean company Zororo-Phumulani donates to the underprivileged.
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In a bid to tackle economic crisis, Zimbabwe devalues currency | IOL NewsZimbabwe's central bank began trading a sharply discounted replacement currency, attempting to ease a cash crunch that has hobbled the economy.
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