Zimbabwe has resolved to trade in forex, naming it the “RTGS dollar” as announced by Zimbabwe’s Reserve Bank Governor, John Mangudya.

While admitting that a new currency will be a huge cost to the country, the former ‘bond notes’ have been dismissed, hence confusion brews amidst the nation’s citizens.

Zimbabwe’s foreign currency is reported to have costed the nation $20bn every year, hence the supposed switch to trade in forex.