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*Govt Working On Modalities For A Proper Currency*

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The government has revealed that it is working on a new currency which will be introduced into the market soon.

The revelations were made by the Acting Finance Minister Sithembiso Nyoni during a post-cabinet briefing in Harare on Wednesday.

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Nyoni said that the RTGS$ and bond notes will remain as the legal tender for all domestic transactions as pronounced by the government while the modalities for a new currency are being worked on. She said:

> The Minister of Finance (Mthuli Ncube) has announced that we are going to have (a currency).

> In fact, the President (Emmerson Mnangagwa) did announce when he was in Harare South (constituency) that we are working on having our own currency. We are working towards that.

> But for now, the $RTGS/Bond note is the trading currencies. Our own currency is being worked on.

On Tuesday, the government promulgated Statutory Instrument 242 of 2019 which effectively re-introduced the Zimbabwean Dollar, while at the same time scrapping the multi-currency system.

*More: New Zimbabwe*

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