Zimbabwe’s RTGS dollars explained

Zimbabweans queued outside banks in the Zimbabwean capital Harare on Friday as the central bank opened trading of a new currency known as Real Time Gross Transfer dollars or RTGS dollars.

Central Bank Governor John Mangudya said the new currency would trade at around 2.5 to the US dollar.

So what are RTG Dollars? TechZim’s Alvine Chaparadza explains:

RTGS Dollars is money made up of bond notes, bond coins and RTGS balances (electronic money).

What do consumers have right now? IOL,