01 July 2019 1 Min Read

Zimbabwe finmin says individuals can withdraw US cash after ending dollarisation

in News / Africa by Reuters
Zimbabwean Finance Minister Mthuli Ncube.
Image: REUTERS/Philimon Bulawayo/File Photo
Loading ...

Individuals will be allowed to withdraw cash US dollars from foreign currency accounts but companies will be limited, Zimbabwe's Finance Minister Mthuli Ncube told lawmakers in parliament on Monday.

Zimbabwe made its interim currency, the RTGS dollar introduced in February, the country's sole legal tender last Monday, ending a decade of dollarisation and taking a another step towards relaunching the Zimbabwean dollar.  

READ MORE

Business Times 4 years ago

We have received no payment from Zimbabwe: Eskom

Despite claims by Zimbabwe about having recently made a significant payment to Eskom, the power utility says it has received no money from SA's ...
News 4 years ago

No money for farmer compensation in Zimbabwe

The deadline for compensating dispossessed white farmers has been missed due to a lack of funds. Of the 900 claimants who were told they would be ...
News 4 years ago

Zimbabwe's 'conflict' tag stymies diamond sales

Zimbabwe cannot sell its stockpile of diamonds because the stones have been flagged as conflict gems by international buyers.
News 4 years ago

Blackout hits as Mnangagwa prepares to deliver Vic Falls speech

There was a power outage at a leading Victoria Falls hotel on Thursday, just a minute before President Emmerson Mnangagwa was due to address ...
Loading ...
Loading ...