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Individuals can withdraw US cash after ending dollarisation, Zim minister says

Zimbabwe made its interim currency, the RTGS dollar introduced in February, the country’s sole legal tender last Monday.

FILE: Minister of Finance and Economic Development Professor Mthuli Ncube speaks to the press after the swearing-in ceremony for Zimbabwe's new cabinet ministers at State House, Harare, on 10 September 2018. Picture: AFP.

HARARE – Individuals will be allowed to withdraw cash US dollars from foreign currency accounts but companies will be limited, Zimbabwe’s Finance Minister Mthuli Ncube told lawmakers in parliament on Monday.

Zimbabwe made its interim currency, the RTGS dollar introduced in February, the country’s sole legal tender last Monday, ending a decade of dollarisation and taking another step towards relaunching the Zimbabwean dollar.