{"id":5654,"date":"2019-03-15T15:00:36","date_gmt":"2019-03-15T15:00:36","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=5654"},"modified":"2019-03-15T15:00:36","modified_gmt":"2019-03-15T15:00:36","slug":"rtgs-dollar-faces-uncertain-future","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/rtgs-dollar-faces-uncertain-future","title":{"rendered":"\u2018RTGS Dollar Faces Uncertain Future\u2019"},"content":{"rendered":"

A regional economic think-tank, NKC African Economics (NKC), has warned that Zimbabwe\u2019s currency risk score remained high due to low production, company closures and rising inflation.<\/p>\n

The country introduced a new currency a few weeks ago, the RTGS Dollar which was pegged at 2.5 to the Greenback when it started to trade at the interbank market.<\/p>\n

In its currency risk note, NKC said:<\/p>\n

<\/div>\n

Zimbabwe and Sudan\u2019s currency risk scores are at the very high end of the spectrum, with both countries experiencing rampant inflation and extremely low forex reserve buffers.<\/p>\n

We also have concerns about the extent of government borrowing from the central bank and the impact that will have on inflation.<\/p>\n

Most recently, the RTGS dollars was trading at 3,8\/$ on the black market. On February 20, the central bank officially acknowledged that the currency is no longer on par with the dollar, saying that the rate would be market-determined.<\/p>\n

However, it has subsequently been pegged at 2.5\/$. Given the lack of trust in the new currency, the outlook remains highly uncertain.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

A regional economic think-tank, NKC African Economics (NKC), has warned that Zimbabwe\u2019s currency risk score remained high due to low production, company closures and rising inflation. The country introduced a new currency a few weeks ago, the RTGS Dollar which was pegged at 2.5 to the Greenback when it started to trade at the interbank […]<\/p>\n","protected":false},"author":84,"featured_media":1213,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,8,35],"tags":[249,362,371,251],"class_list":{"0":"post-5654","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-head-lines","10":"category-homepage-english","11":"tag-currency","12":"tag-market","13":"tag-rtgs","14":"tag-us-dollar"},"yoast_head":"\n\u2018RTGS Dollar Faces Uncertain Future\u2019 - zimbabwe<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rtgs-dollar-faces-uncertain-future\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018RTGS Dollar Faces Uncertain Future\u2019\" \/>\n<meta property=\"og:description\" content=\"A regional economic think-tank, NKC African Economics (NKC), has warned that Zimbabwe\u2019s currency risk score remained high due to low production, company closures and rising inflation. 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