The Reserve Bank of Zimbabwe has with immediate effect denominated bond notes and coins replacing it with what they called RTGS dollars.

RTGS dollars will also including RTGS balances in bank accounts.

Presenting the 2019 monetary policy statement RBZ Governor admitted that the continued use of USD has had negative consequencies on the economy.

The legal instrument to back the new measure is already done and will be made into law soon, said Mangudya.