June 26 2019
Zimbabwe’s central bank has ordered companies and all stakeholders to stick to new regulations outlawing the use of foreign currency for local transactions by ensuring that all prices of commodities and services are marked in bond and Real Time Gross Settlement (RTGS) denominations.
In a statement issued Tuesday signed by the Reserve Bank of Zimbabwe’s Exchange Control director, C. Tembo, the central bank said company executives should, with immediate effect, discontinue the multiple currency system.