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*Frequently Asked Questions (FAQ) On RTGS Dollars* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?lv *What are RTGS Dollars?* RTGS Dollars are a new currency announced by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya during a Monetary Policy Statement presentation on 20 February 2019. They comprise of bond notes, RTGS balances and bond coins. *What is the exchange rate of RTGS Dollars to US Dollars* There is no exchange rate for the RTGS dollar to US Dollar. However, RBZ governor John Mangudya said the rate will start between 3-4 RTGS dollars to 1 US dollar. He said the exchange rate is expected to decrease gradually. ---------- itel A70 256GB $99USD WhatsApp: https://wa.me/263715068543 Calls: 0772464000 ---------- *I have Bond Notes cash what happens to my money now that Government has introduced RTGS Dollars?* Nothing. You already have RTGS dollars. Bond notes and coins are part of RTGS dollars. *Do I need to deposit my bond notes to get RTGS Dollars?* No. Those bond notes are already RTGS dollars. *If I want to change my RTGS Dollars to US Dollars where do I go?* Legally you have to go to your bank and they will offer you the current exchange rate. Its up to you to change your RTGS dollars at that rate or wait for a better one. *Will the rate of the RTGS Dollar against the US Dollar go up?* No one knows. However, RBZ governor John Mangudya said he expects the rate to go down gradually. *Related* *RBZ Has Worsened The Problem – Global Economist Hankie Comments On RTGS Dollars* *Download: Full RBZ Monetary Policy Statement PDF (February 2019)* *RTGS Dollar Spells Doom For The Economy – Biti* *How People Reacted To Introduction Of “RTGS Dollars”* *RBZ Introduces “RTGS Dollars”* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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