Zimbabwe introduces RTGS dollar to solve currency problem.

Zimbabwe has been hit by rising inflation and increasing levels of government debt for many years and if the RTGS dollar is the solution, then the government is “misdiagnosing the problem”.

Finance Minister Mthuli Ncube insists that its working and that the government revenue is increasing. As long as the government does not try to manage the RTGS dollar exchange rate, then this is a step in the right direction, says the chief economist at Renaissance Capital, Charlie Robertson. But given the history that Zimbabwe has with currencies, it will take a lot to restore people’s trust, he adds.