Author Topic: Zimbabwe: New currency  (Read 6270 times)

0 Members and 1 Guest are viewing this topic.

Offline eurocoin

  • Indexer
  • Honorary Member
  • *****
  • Posts: 3 020
Zimbabwe: New currency
« on: January 30, 2019, 09:27:05 PM »
The Minister of Finance of Zimbabwe is planning to introduce a new currency within the next 12 months. A source close to the project is being cited in several local media as saying that the introduction will in fact happen in February 2019. The same source claims the currency was already produced and has been stored in the vaults of the Central Bank since March 2018.

Offline milkshakespeare

  • Senior Member
  • ***
  • Posts: 109
Re: Zimbabwe: New currency
« Reply #1 on: January 30, 2019, 09:40:48 PM »
That sounds like a very optimistic plan to me.

Offline chrisild

  • Honorary Member
  • *****
  • Posts: 8 353
  • NW DE EU
Re: Zimbabwe: New currency
« Reply #2 on: January 30, 2019, 11:57:52 PM »
That sounds like a very optimistic plan to me.

February? Indeed. :) Briefly read about such plans earlier this month but did not take it serious. Well, a mistake maybe ...

Christian

Offline eurocoin

  • Indexer
  • Honorary Member
  • *****
  • Posts: 3 020
Re: Zimbabwe: New currency
« Reply #3 on: February 22, 2019, 08:00:56 AM »
The new currency of Zimbabwe is the RTGS Dollar.

Offline Bimat

  • आदित्य
  • Global Moderator
  • Honorary Member
  • *****
  • Posts: 11 312
  • Mumbai, India.
Zimbabwe: New currency
« Reply #4 on: February 22, 2019, 02:31:00 PM »
What does RTGS stand for? Real Time Gross Settlement?!?!

Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline Bimat

  • आदित्य
  • Global Moderator
  • Honorary Member
  • *****
  • Posts: 11 312
  • Mumbai, India.
Zimbabwe: New currency
« Reply #5 on: February 22, 2019, 02:32:44 PM »
What does RTGS stand for? Real Time Gross Settlement?!?!

Aditya

Indeed it does!

Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline Pabitra

  • Honorary Member
  • *****
  • Posts: 2 112
Re: Zimbabwe: New currency
« Reply #6 on: April 13, 2019, 07:08:21 AM »
No, RTGS is not the new currency.
The new currency plans are still on and it will replace RTGS.

See

Zim Planning To Introduce ?A New, Fully-Fledged Currency? In 12 Months ? Mthuli