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BREAKING: Zim Dollar Is Back And Using USD And Other Currencies Now Banned!

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Bond Notes

So the Zim dollar is back, sort of… There is no physical currency called the Zim dollar yet but effective today, what we have been calling RTGS dollars and bond notes are being referred to as Zimbabwean dollars.

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The Minister of Finance, Mthuli Ncube has issued a statutory instrument that defines what the Zim dollar is. The same instrument sets aside the multicurrency system that has been in place since 2009. The ‘new Zim dollar is now the only accepted legal tender within Zimbabwe except for specified exceptions.

Here is part of the instrument:

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90 thoughts on “BREAKING: Zim Dollar Is Back And Using USD And Other Currencies Now Banned!

  1. Doubt if change of that currency,RTGS or so called zim dollar will result in changes to the state of the economy….we tired now!!!!!!!

  2. changind a patient clothes wont help us ,lets get to the core issues aand solve those ….all these issues of curreency they are just a result of something.

  3. I think its a better idea if we all work together withour currency things wil work for the better.look what happened to the Zambian kwacha it was nothing but now zvakutivafambira

  4. hapachisina solution apa ko maitadzanei kufunga zvamazofunga izvi kubva mazuva aGushungo.mukutambira mari dzemahara Minister vefinance.hapana zvinozikanwa apa.ma

  5. Let them do what ever they want but keep the USD because it’s the best and making it illegal makes it even more attractive to the public

  6. The system itself has always been buggy. What they say/do/implement is not what they wish to, it’s a reactive instance to the situation at hand. With such an approach, we opt our outcomes based on probabilities. If you truly understand, you know that we sure are in a very bad state. Not to justify or object with the move, I hope this time we see good results, hopefully.

  7. i think we have started with the secondary issue. production first, then we can talk about new currency. We lacked the prowess for prioritisation.

  8. next coup soon removing corrupt individuals around Ed….thats the whole finance ministry and RBZ….The reason south africa is successfulnis because the Reserve Bank is independent from any political party and cannot be swayed or bribed or forced to do anything…unlike RBZ…most corrupt institution who continues to destroy our economy without restraint…how does mangundya who is a board member of afriexim bank make loans from same institution its called conflict of intrest in a normal country…please Mr President save us the waiste of time and needless loss of innocent lives from the immenent protests…the voice of the people…

  9. per se…reduce the prices of goods for the zim dollar to have value.its the same old thing,Chaora chinhu uchi!

  10. As an ex UCT Economics graduate lives in Zim, when this Mthuli and Eddie Cross (advisor to FM Mthuli)so called economist & professor wanted to devalue the currency last year, i said to many people around me these guys will destroy Zim economy, because Zimbabwe is a big importing country(fuel, electricity, wheat, many raw material and finished products ), devalue the currency would be suicidal, as everything will become expensive(hyperinflation) and all exporters incl. gold producers will not want ur money anymore, what about ppl salary, gov tax and rates collection would all become worthless, but these guys wanted the currency all the way down. Eddie’s famous words were”our currency is the strongest in the region”after the rate fell to 6:1, and last year before Mthuli speech at UK Chatham House the rate fell to 3:1, his famous sentence at the speech was “the black market was doing the devaluation job for me”, the rate straight fell to 5:1 after his speech at Chatham House (both available on Youtube). The rates fell from 1.5 Oct last year to current 12, now these2 (biggest currency speculators) does not know what to do, as we have no fuel, no zesa, 18hr in darkness, thanks eddie& mthuli. You are legends in destroying the economy in such short time

  11. So will the prices in shops and markets decrease since we are now using this new zim dollar

  12. So its a matter of renaming RTGS to ZWD. This sounds like a big joke. The same issues that led them into denouncing the ZWD in 2008 are still prevalent. So, everyone must brace for the 2006 – 2009 inflation impact. That’s it…

  13. Zvakuzobhowa manje Rtgs hatina zvariri kubatsira apa ndopomobvisa us dollar dai matobvisa Rtgs muchisiya us

  14. Glory to God. As I myself together with others of faith, will continue interceding for our leaders for the Spirit of God inspire them continually so that the strategies they apply are lasting and staying. One thing for sure I have known is that with God nothing is impossible.
    The hand of the Lord is mighty upon our national leaders and we approaching the desired point by the power of the Holy Ghost.

    Zimbabwe shall never be the same again.

    My prayer again is that they that comment repent and being speak good things and come to know that our leaders should not be left alone, but we the led the ones join hands together with them in nation building.

    I am glad because even if everyone is against this intercession God can still hear and answer a prayer of one man who decides praying, and I am one of them that are standing of a gap.

    Fellow Zimbabwe,
    Show love to your country and nation building by interceding for the gvt. God approves it.

  15. This is unacceptable at all. All those in power we know you will be using the foreign currencies as what you were doing before & you want us to keep using those toilet papers called Bond Notes. When we voted you in power we were expecting you to take care for us but up to now the only tangible thing you did is to reject us.

    You will never realise how good your job is until you’re fired.

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