Just In: You Can Now Use US$ For All Transactions Says RBZ
The Governor of the Reserve Bank Of Zimbabwe (RBZ) has announced that the public can now use foreign currency to pay for goods and services locally as a measure to fight the coronavirus (Covid-19) pandemic.
The governor said this in a press release this evening (26 March 2020).
The RBZ has also set a fixed exchange rate of ZWL$25 to USD1 until the markets stabilise from the effects of Covid-19.
The government had outlawed the use of US$ in October last year but it had allowed fuel dealers to sell in USD earlier this month.
As a result, some shuttle bus operators had begun charging their fares in forex.Â
Below is the press statement in full.
The effect of this announcement on the black market rate remains to be seen. You can read more on the RBZ website.
The coronavirus has so far killed one person in Zimbabwe and it has been declared a national emergency.
