Following the Monetary Policy Statement (“MPS”) announcement by the Reserve Bank of Zimbabwe on 20 February 2019, the Zimbabwe Stock Exchange Limited (“ZSE”) is advising the investing public that with effect from 21 February 2019, the trading currency on the ZSE has changed to RTGS dollars.
In line with the MPS pronouncement, Section 2 (New Monetary Policy Measures) Sub section (1) (ii) outlined that “The RTGS dollars shall be used by all entities (including government) and individuals in Zimbabwe for the purpose of pricing of goods and services, record debts, accounting and settlement of domestic transactions.”
The share prices are now quoted in RTGS dollars with effect from 21 February 2019 and in four decimal places. All monetary values included in market statistics published by ZSE are in RTGS dollars. No conversion took place on the effective date.
Members of the ZSE (stockbrokers) shall issue contract notes (broker’s notes) in RTGS dollars in line with the pronouncement.