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Promote the use of other currencies in the multicurrency basket in order to reduce over reliance on the USD.


Government outlaws multi-currency system and introduces Zim dollar



June 24, 2019

Government has outlawed the use of multiple currencies through new regulations that compel all forms of transacting to be done in local currency, now formally known as Zimbabwe dollar. Through Statutory Instrument (SI) 142 of 2019, known as Reserve Bank of Zimbabwe (Legal Tender) Regulations, the Government abolished the use of British pound, United States dollar, South African rand, Botswana pula and any other foreign currencies, as legal tender.

Previous Updates

Government re-affirmed use of multi-currency regime.



Oct. 14, 2018