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*WATCH: Mthuli Ncube Reveals Why The ZIM Dollar Was Reintroduced* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?fh Finance Minister, Professor Mthuli Ncube has said that the Zimbabwean dollar was reintroduced to cushion workers who were now failing to access basic commodities as shops were charging in foreign currencies. Ncube said that he met with an Association of teachers which lamented over their inability to buy basic commodities from shops and medical facilities which were pricing their goods and services mainly in US dollars. Most workers in Zimbabwe are paid in the local quasicurrency, the Real Time Gross Settlement (RTGS). ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- The RTGS dollar has been losing value against foreign currencies since its introduction in February. Consequently, inflation has been rising at an unparalleled rate. This, in turn, eroded the salaries of workers. The minister also said that the introduction of the new Zimbabwe dollar does not change a lot of things. He said that the Zimbabwe dollar is comprised of the RTGS dollar (notes and coins). He added that this newly introduced currency will be the only legal tender in Zimbabwe. Watch the video below. https://youtu.be/cs3uq8gLIMk https://youtu.be/VMtzJaler8s _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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