The RTGS dollar, introduced by the government on February 22 as the first step towards a new currency by year-end, traded at 10.5 to the U.S. dollar on Thursday, 14.3 per cent lower than a week ago.Zimbabwe formally adopted the U.S. dollar as its official currency in January 2009, when most Zimbabweans had already ditched the hyperinflation-wrecked Zimbabwe Dollar.
“I earn 400 RTGS$, where do I get the U.S. dollar? The government should fix this before we all die,” said Robson Ndiringepi, a security guard manning a supermarket in Harare. That would put more pressure on the state budget just as the government has started a monitoring programme with the International Monetary Fund in a bid to create a track record of fiscal discipline that could secure it future funding.
They will revert to spending cowry las las.
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