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Monday, December 21, 2020 NewsdzeZimbabwe
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya
has explained the use of US dollars in the country, including value and legal
status of the virtual form of the greenback.
This comes as the central bank has engaged banking
institutions to ensure there are no gridlocks in the settlement and clearing of
all foreign currency transactions in the country.
Dr Mangudya told delegates at the Zimbabwe National Chamber
of Commerce (ZNCC) conference last week
that the apex bank and the Bankers Association of Zimbabwe (BAZ) were seized
with the matter.
Zimbabwe adopted a US dollar dominated multicurrency regime
RBZ clarifies use of USD
Golden Sibanda
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has explained the use of US dollars in the country, including value and legal status of the virtual form of the greenback.
This comes as the central bank has engaged banking institutions to ensure there are no gridlocks in the settlement and clearing of all foreign currency transactions in the country.
Dr Mangudya told delegates at the Zimbabwe National Chamber of Commerce (ZNCC) conference last week that the apex bank and the Bankers Association of Zimbabwe (BAZ) were seized with the matter.
Zimbabwe adopted a US dollar dominated multicurrency regime in February 2009 to ensure stability when hyperinflation ravaged the local currency, rendering it worthless after inflation peaked at 231 million in July 2008.