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US dollar debts payable in Zim dollar: Supreme Court

Byron Adonis Mutingwende5 years ago02 mins

The Supreme Court has ruled that all debts incurred prior to the removal of the 1:1 peg on the US dollar and the RTGS dollar shall now be settled in the local currency on a one to one basis. On 20 February 2019, the Zimbabwe Government announced the removal of the 1:1 peg, allowing for…

Mthuli, Mangudya must resign over RTGS dollars: MDC

Byron Adonis Mutingwende6 years ago6 years ago03 mins

By Jacob Mafume At least six weeks after Mangudya presented a wishy wash, self-contradictory and retrogressive Monetary Policy Statement, Zimbabweans are paying the price. The exchange rate is collapsing every day, the price of the US dollar continues to firm against the fictitious RTGS dollar. It is fictitious both by definition and by reality; sadly…