Audio By Carbonatix
Zimbabwe has banned the use of international currencies such as the US dollar, South African rand and British pound.
Zimbabwe has not had its own fully fledged currency since 2009 when authorities abolished the Zimbabwe dollar due to hyperinflation.
The ban comes in immediately and has caught locals by surprise.
Shops and most businesses will only be allowed to accept the substitute currency, the RTGS dollars.
Authorities are believed to have introduced this new measure to curb rampant black market currency trading.
Critics believe that this will slow the economy as businesses will not be able to operate with a volatile local currency.
The regulation does not affect foreign currency accounts, and airfares and customs duty for some items will still be paid in foreign currency.
Latest Stories
-
Ghana is rising again – Mahama declares
2 hours -
Firefighters subdue blaze at Accra’s Tudu, officials warn of busy fire season ahead
2 hours -
New Year’s Luv FM Family Party in the park ends in grand style at Rattray park
3 hours -
Mahama targets digital schools, universal healthcare, and food self-sufficiency in 2026
3 hours -
Ghana’s global image boosted by our world-acclaimed reset agenda – Mahama
3 hours -
Full text: Mahama’s New Year message to the nation
3 hours -
The foundation is laid; now we accelerate and expand in 2026 – Mahama
3 hours -
There is no NPP, CPP nor NDC Ghana, only one Ghana – Mahama
3 hours -
Eduwatch praises education financing gains but warns delays, teacher gaps could derail reforms
4 hours -
Kusaal Wikimedians take local language online in 14-day digital campaign
4 hours -
Stop interfering in each other’s roles – Bole-Bamboi MP appeals to traditional rulers for peace
5 hours -
Playback: President Mahama addressed the nation in New Year message
5 hours -
Industrial and Commercial Workers’ Union call for strong work ethics, economic participation in 2026 new year message
7 hours -
Crossover Joy: Churches in Ghana welcome 2026 with fire and faith
7 hours -
Traffic chaos on Accra–Kumasi Highway leaves hundreds stranded as diversions gridlock
7 hours
