'RBZ fumes over return of Zim dollar'

'RBZ fumes over return of Zim dollar'
Published: 04 July 2018 (1760 Views)
The Reserve Bank of Zimbabwe has expressed disgust over social media reports that it was reintroducing local currency, describing it as false.

RBZ Governor John Mangudya said the RBZ  wishes to advise members of the public that an article circulated on social media regarding the reintroduction of the Zimbabwe dollar is false and malicious.

"The RBZ dismisses the false article on the reintroduction of the local currency with the contempt it deserves.. Members of the public should ignore the social media article which has apparently been created and circulated by people who seem bent on manipulating parallel market rates for personal gain at the expense of the unsuspecting members of the public," he said.

"The article is also calculated to cause unnecessary anxiety, panic, alarm and despondency within the national economy. The country will continue using the multi-currency system in line with government policy and the bank shall continue to procure cash in foreign currency to support the multicurrency system."

- Byo24News

Tags: RBZ, fumes, Zimdollar,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Rebecca Malope retires

by Mandla Ndlovu | 20 August 2019 | 29 Views

The Crocodile in Crisis

by The Times | 20 August 2019 | 36 Views

'Zimbabwe to issue cash notes soon'

by Bloomberg | 20 August 2019 | 106 Views

Zimbabwe youths rally behind Chief Ndiweni

by Mandla Ndlovu | 20 August 2019 | 68 Views

Zimbabwean woman forced to give birth standing up in South Africa

by Staff reporter | 20 August 2019 | 93 Views

Open letter to Jacob Mudenda: What was your role during Gukurahundi?

by Nicholas Ncube | 20 August 2019 | 64 Views

Moral authority is a pre-requisite for Good Governance

by Big Monday with Tinashe Eric Muzamhindo writes: | 20 August 2019 | 46 Views

Zimdiaspora in final push

by Thabo Makuyana | 20 August 2019 | 52 Views

WATCH: Soldiers in Gweru march on behalf of Chamisa's MDC

by Staff reporter | 20 August 2019 | 96 Views

August 16 exposes the MDC's insincerity

by Nobleman Runyanga | 20 August 2019 | 57 Views

Mnangagwa 'love rival' dies

by Staff Reporter | 20 August 2019 | 75 Views

State effects a de facto ban on civilian politics

by Luke Tamborinyoka | 20 August 2019 | 55 Views

Chitembwe signs Harare City deal

by Staff reporter | 20 August 2019 | 54 Views

Zanu-PF congratulates Mnangagwa

by Staff reporter | 20 August 2019 | 55 Views

Govt hires 19 doctors

by Staff reporter | 20 August 2019 | 56 Views

Duo in trouble for assaulting ex-mayor

by Staff reporter | 20 August 2019 | 47 Views

Kambarami and Chigora found not guilty

by Staff reporter | 20 August 2019 | 52 Views

BREAKING: Bomb scare in Bulawayo

by Staff reporter | 20 August 2019 | 50 Views

Match fixing scandal rocks Zifa Southern Region

by Staff reporter | 20 August 2019 | 44 Views

Chunga not qualified to coach TelOne side

by Staff reporter | 20 August 2019 | 54 Views

Zanu-PF hails Sadc

by Staff reporter | 20 August 2019 | 50 Views

Teen gangster pleads guilty

by Staff reporter | 20 August 2019 | 45 Views

No pay, no invigilation: Zimsec told

by Staff reporter | 20 August 2019 | 43 Views

Chamisa raises ante against Mnangagwa

by Staff reporter | 20 August 2019 | 45 Views

Police ban MDC Gweru demonstrations

by Mandla Ndlovu | 20 August 2019 | 36 Views

Zanu-PF vows resistance against MDC 'regime change' plot

by newzimbabwe | 20 August 2019 | 33 Views

MDC's campaign for Chief Ndiweni release worrisome

by Editorial - Newsday | 20 August 2019 | 41 Views

Rural teachers chicken out

by Staff reporter | 20 August 2019 | 26 Views

Protests a form of feedback

by Zanda Shumba | 20 August 2019 | 25 Views

Zanu-PF member attacked in intra-party violence

by Staff reporter | 20 August 2019 | 27 Views

Police ban anti-government protests in Gweru

by ZimLive | 20 August 2019 | 27 Views

Zanu-PF's economic policy record 'poor': US think tank

by Staff reporter | 20 August 2019 | 25 Views

Austerity measures: Is Zimbabwe drinking poisoned chalice?

by Cliff Chiduku | 20 August 2019 | 50 Views

Claim freedom granted by Constitution in peace

by Fr Oskar Wermter SJ | 20 August 2019 | 40 Views

Zanu-PF Manicaland accuses MDC of cheap politicking

by Staff reporter | 20 August 2019 | 26 Views

Mnangagwa 'victim' dies

by Staff reporter | 20 August 2019 | 24 Views