CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country starts to Trading New Currency RTGS dollar?
A
Israel
B
Jordan
C
China
D
Zimbabwe
Explanation: 

Detailed explanation-1: -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-2: -The Zimbabwean dollar was introduced in 1980 to directly replace the Rhodesian dollar (which had been introduced in 1970) at par (1:1), at a similar value to the US dollar.

Detailed explanation-3: -Whilst the primary legal tender in Zimbabwe is the Zimbabwe dollar (ZWL), it is currently possible for tourists to transact using the US Dollar at the official exchange rate. There are some bureaux de change which will accept and change foreign currency, particularly US dollars.

There is 1 question to complete.