Zimbabwe dismisses new currency claims

The Reserve Bank of Zimbabwe (RBZ) has dismissed social media claims that the apex bank will introduce a new currency.

In a statement, RBZ Governor, Dr John Mangudya said the claims are fake, adding that the 'country shall continue using the multi-currency system as evidenced by the continuous significant disbursement of foreign currency cash in the market.'

"The RBZ would like to urge members of the public to dismiss, with utmost contempt, a fake article being circulated on social media regarding the introduction of a new currency. The Bank would also like to urged members of the public to desist from abusing social media in circulating fake messages that are designed to manipulate parallel market foreign currency rates. Such counterproductive messages are being done with bad intentions to destabilise the economy as they cause alarm and despondency," said Dr Mangudya.

He also urged the public to depoliticize monetory and financial issues.