rtgs

The Reserve Bank of Zimbabwe (RBZ) says banks will have to swap RTGS balances for new higher denomination notes, as part of the bank’s strategy to keep a firm grip on money supply growth.
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Zimbabwe’s government, which banned use of the dollar nine months ago, has restored the peg its currency had to the greenback due to a scarcity of foreign exchange.
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The Law Society of Zimbabwe (LSZ) has taken President Emmerson Mnangagwa to court, challenging his 2019 presidential decree which introduced the real-time gross settlement (RTGS) dollars and compulsorily converted depositors’ United States…
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Oil firms, chrome miners, embassies and international organisations in Zimbabwe can use foreign currencies for local transactions, the central bank said, easing rules for some sectors in a bid to boost the flow of dollars in the economy.
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The Bulawayo City Council (BCC) has shattered the dreams of scores of locals wishing to own homes, telling them to “shut-up” if they cannot afford housing stands that have been priced in foreign currency (forex).
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Zimbabwe's new RTGS dollar held firm at around 2,5 to the United States dollar (USD) as it started trading on Friday. With the bond note, bond coin and RTGS dollar (RTGS$) assuming the role of Zimbabwe’s medium of exchange, banks quoted the…
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Banks have commenced trading in foreign currency at a rate of 2,5 to the United States dollar following the decision by the Reserve Bank of Zimbabwe (RBZ) to float the currency on Wednesday.
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Zimbabwe scrapped the peg between its quasi-currency bond note and the U.S dollar on Wednesday, its central bank governor said, potentially paving the way for its official currency exchange rate to slide sharply to match its value on the…
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President Emmerson Mnangagwa, yesterday said the multi-currency system is here to stay, and encouraged Zimbabweans to be patient and endure the pain while his government makes efforts to revive the economy.
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Government says the 1:1 rate between Real Time Gross Settlement (RTGS) balances and the United States dollar will remain in force in order to protect the value of these balances.
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