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Published On: Thu, Mar 26th, 2020

RBZ Announces Return Of US Dollar As Official Currency.

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The Reserve Bank of Zimbabwe(RB) has declared that the United States Dollar can now be used to pay for goods and services in local transactions allegedly as measures to deal with the coronavirus (Covid-19) pandemic lockdown period.

The RBZ has adopted a fictitious fixed exchange rate of ZWL$25 to USD1.

Below is the full statement from Reserve Bank of Zimbabwe governor John Mangudya.

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RBZ Announces Return Of US Dollar As Official Currency.