RBZ Governor John Mangudya Introduces New Currency – “RTGS Dollars” [UPDATED]

Presenting the 2019 Monetary Policy Statement today, Reserve Bank of Zimbabwe (RBZ) governor John Panonetsa Mangudya introduced a new form of money known as “RTGS Dollars”. These “RTGS Dollars” basically consist of RTGS balances, bond notes and coins. Said Mangudya, RTGS, bond notes and coins to be immediately denominated as ‘RTGS Dollars’. The legal instrument …

Tendai Biti Savages Mangudya For De-dollarizing Through The Back Door, Warns Of Severe Pain Ahead

  Former Minister of Finance and opposition politician Tendai Biti has slammed Reserve Bank of Zimbabwe (RBZ) governor John Mangudya for de-dollarizing the economy and virtually smuggling back the Zimbabwe Dollar. This comes after Mangudya introduced the “RTGS Dollar” currency today while presenting the Monetary Policy Statement. According to Biti, who has been described as …

Starting Rate For USD Pegged At 2.5 As Mangudya “Throws Sand” On Black Market (UPDATED)

Reserve Bank of Zimbabwe governor John Panonetsa Mangudya has announced that the central bank in consultation with banks has set the starting rate for the trading of the United States Dollar against the “newly” introduced RTGS Dollar at 1USD:2.50RTGS$. The starting rate was announced by Mangudya at a monetary policy review meeting hosted by the …

I’m Not A Fool…I Don’t Keep Those Sh*t Bond Notes Or RTGS Declares Chatunga Mugabe As He Savages Mangudya & Mthuli Ncube

  Former president Robert Mugabe’s last born son Chatunga Bellarmine Mugabe has savaged Finance Minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) Governor John Panonetsa Mangudya saying that they are cheating Zimbabweans through the bond notes and the RTGS system. The younger Mugabe insisted that he does not keep and use the two pseudo …