Zimbabwe’s central bank, the Reserve Bank of Zimbabwe has been accused of inconsistencies on its new monetary policy under SI142 which brought back the Zimbabwean dollar.

In the latest inconsistency, a circular released on Wednesday 24 July 2019, the RBZ said that Oil firms, chrome miners, embassies and international organisations in Zimbabwe can use foreign currencies for local transactions.

The government had, through Statutory Instrument 142 of 2019, banned the use of all foreign currencies for domestic transactions. The SI also reintroduced the Zimbabwe dollar and made it the sole legal tender in the country.

In the video below, Tinashe of Equity Axis discusses the issue which some have viewed as confused policy inconsistency.