CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country has recently introduced its new currency ’RTGS dollar’?
A
Turkey
B
Morocco
C
Zimbabwe
D
Sierra Leone
Explanation: 

Detailed explanation-1: -UPSC Mains. Q. Which country has recently introduced its new currency ‘RTGS dollar’? Notes: Zimbabwe has recently introduced its new currency, dubbed as Real Time Gross Settlement (RTGS) dollar, after the Reserve Bank of Zimbabwe (RBZ) announced measures to try and resolve a chronic monetary crisis.

Detailed explanation-2: -The Zimbabwean dollar (sign: Z$; code: ZWL), also known as the Zimdollar or Real Time Gross Settlement (RTGS) dollar, is one of the official currencies of Zimbabwe. It was the only official currency in Zimbabwe from June 2019 to March 2020, after which foreign currencies were legalised again.

Detailed explanation-3: -Zimbabwean bond notes are a form of banknote in circulation in Zimbabwe. Released by the Reserve Bank of Zimbabwe, the notes were stated to not be a currency in itself but rather legal tender near money pegged equally against the U.S. dollar.

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