News Formal

'Please try next week' - rocky start as new Zim currency hits the market

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 59%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

'We have not devalued the RTGS balances, but allowed people to access the forex at a rate which is competitive and allows the economy to grow.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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. One day Zimbabwe will teach us how to optimize currencies.
Source: IOL - 🏆 46. / 51 Read more »

Zimbabwe currency move shocks SA companiesSouth African companies operating in Zimbabwe are anxious about the impact of the real time gross settlement (RTGS) dollar, the currency unveiled this week by the Reserve Bank of Zimbabwe.
Source: SundayTimesZA - 🏆 47. / 51 Read more »