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.
Have your say
More World Headlines
- The teenager whose murder was exploited for clicks
- British Airways suspends flights to Cairo
- Dangerous heatwave starts hitting US and Canada
- I sat my exams 30 minutes after giving birth
- Police name suspect in Japan animation studio fire
- Eritrea Orthodox Church ex-leader expelled for 'heresy'
- Ramaphosa 'deliberately' misled parliament - Public Protector
- US shoots down Iranian drone
- S. Africa: Soldiers deployed to counter surge in violence
- Man finds own amputated leg on cigarette packets without consent
- Trump sparks condemnation after supporters chant 'send her back'
- US honours Nigerian imam who hid Christians from killers
- Trump renews attacks on congresswomen of colour: ‘Let them leave’ America
- Kenya deports 17 foreign directors of betting firms
- Former president of ECOWAS Commission De Souza passes away