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*How People Reacted To Introduction Of "RTGS Dollars"* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?df Reserve Bank of Zimbabwe (RBZ) governor John Mangudya announced the introduction of the RTGS Dollars. Presenting the 2019 Monetary Policy Statement on Wednesday afternoon, Mangudya said existing RTGS / bond balance will be denominated as RTGS dollars, to enable an exchange rate between RTGS / bond and USD with willing buyer / willing seller process. He sais RTGS dollars will be used by all businesses and government. Below is how Zimbabweans on twitter reacted to the introduction of the RTGS dollar: ---------- Latest itel A06 on Pindula: 32GB storage, 4GB RAM $69 USD WhatsApp: +263715068543 Calls: 0772464000 ---------- https://twitter.com/Kuda_Chizura/status/1098209840911007746 https://twitter.com/BonganBongzie/status/1098214704068087810 > RTGS dollars. So Biti was right all along about the local currency@BitiTendai @ProfJNMoyo @Wamagaisa > — Elisha Rambakudzibwa (@ElishaRamba) February 20, 2019 > Surely we could have come up with a different name from RTGS dollars #ZimMonetaryPolicy > — larry kwirirayi (@kwirirayi) February 20, 2019 > Mangudya: we now have RTGS DollarsPeople: so what is the rate to the US Dollar > Mangudya: DZAMUTSANA MUTSANA > — Kuda Kwashe (@Kuda_Chizura) February 20, 2019 https://twitter.com/eddmuttin/status/1098215598906097669 > The new monetary policy has defined bond notes, coins and banked money as RTGS dollars and from now on, banks will now be able to sell foreign currency to their customers using the prevailing daily exchange rate. Effectively the bond note is nolonger 1:1 with the US dollar. > — Hon. Dr Energy Mutodi (PhD) (@energymutodi) February 20, 2019 > Zim dollars masquerading as RTGS dollars > — Shane (@unperson13) February 20, 2019 > The first country in the world to call RTGS a currency RTGS Dollars si what is its rate to the Rand or Pula or Renimbi? https://t.co/anP0W6duIA > — Chief Chikos (@Chikos21362227) February 20, 2019 > RTGS dollars have become one of the currencies in the currency bucket of the multi-currency system of the economy – Mangudya….. MASHURA CHAIWO #MPS2019 @ReserveBankZIM > — Cliff Chiduku (@ChifChiduku) February 20, 2019 > Zim dollar which went to a private school > — Clive (@clivy06) February 20, 2019 *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* *Frequently Asked Questions (FAQ) On RTGS Dollars* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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