ED TO ABOLISH RTGS DOLLARS?

Apr 5, 2019 | Zim Latest

ED TO ABOLISH RTGS DOLLARS?

The country’s recently introduced currency will soon be phased out following President Emmerson Mnangagwa’s statements appreciating the value of the US$ ahead of the RTGs bond, former cabinet minister Professor Jonathan Moyo has warned.

Mnangagwa, calling the collapsing local RTGS$ currency "ma RTG", excited like a toddler who's had a lollipop for the first time, talking about receiving USD 2,5 million from the US Ambassador in Harare for Cyclone Idai victims. This has raised fears the money will just disappear! pic.twitter.com/NjMyEqy1Kl
— Prof Jonathan Moyo (@ProfJNMoyo) April 5, 2019

Addressing victims of Tropical Cyclone Idai at Ngangu stadium on Thursday, Mnangagwa hailed the money donated by president Donald Trump’s administration towards supporting victims of the natural phenomena which ravaged Zimbabwe and Mozambique killing over 500 people and leaving hundreds others missing.

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