Zimbabwe’s Finance Minister, Mthuli Ncube, has declared that the Zimbabwe dollar is now the only acceptable medium of exchange for local transactions, hence foreign currencies are no longer acceptable as legal tender in the country.
This effectively sidelines the multiple currency regime that Zimbabwe has been using alongside the bond notes.
The Minister of Finance gazetted the official side-lining of the South African Rand, Botswana Pula and US Dollar as legal tender, saying, the Zimbabwe dollar shall, with effect from today be the sole legal tender in Zimbabwe in all transactions.