Govt assures pensioners

Government has assured pensioners that they will not lose their savings following the floating of the exchange rate and the introduction of the new RTGS dollars as legal tender.

Presenting the 2019 Monetary Policy Statement last month, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said they denominated the existing RTGS balances, bond notes and coins in circulation as RTGS dollars in order to establish an exchange rate between the current monetary balances and foreign currency.

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