RBZ brings back USD transactions

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Following the banning of the US Dollar for transactions in Zimbabwe in June, with the country’s Statutory Instrument (SI) 142 of 2019, the Reserve Bank of Zimbabwe (RBZ) has now allowed for some transactions to be made in the greenback.

The announcement was made on Friday by the country’s central bank through Exchange Control circular number 8 of 2019 which tweaked some aspects of SI 142, also known as Reserve Bank of Zimbabwe (Legal Tender) Regulations.

The Mint unpacks this development more.