Zimbabwe President Emmerson Mnangagwa has said the situation in the country where others earning United States dollars were enjoying stability while those who earn local currency had become "unfair and unsustainable".
Worldwide and regional currencies such as the rand, US Dollar, Botswana Pula and British Pound will no longer be acceptable in Zimbabwe as legal tender after the Finance Minister gazetted mandatory and sole usage of the Zimbabwe Dollar for all local transactions.
But a hoped-for economic turnaround is yet to materialise, and many Zimbabweans are distrustful of Mnangagwa's promises.
In a step towards the introduction of a new currency, the bank said that U.S. dollars and the rand would be replaced by two local parallel currencies - "bond notes" and electronic RTGS dollars, which will be known as "Zimbabwe dollars".
In a press statement held in Harare on Tuesday ZCTU said, "With impunity and no sense of shame, the government is shying away from responsibility for the destruction of the local currency in the first instance and now the multi currency system that it inherited from a functional state of the GNU in 2013".
In January, the ZCTU led nationwide protests against a 150 per cent fuel price increase, triggering a violent crackdown by the army and police, which left at least 12 people dead, according to rights groups.
UAE- Apple MacBook Pros recalled over fire risk Apple announced a voluntary recall of a specific set of its MacBook Pro units, citing a fire risk on their batteries. On a side note, it looks like Apple will be releasing a new 13-inch MacBook Pro will be getting a 32GB RAM option.
Amazon Fire TV gets an upgrade with Dolby Vision As The Verge reports , Toshiba actually has three models of this new TV planned, with the 55-inch being the most expensive. Amazon additionally labored with its impart partners to build navigating the Fireplace TV Version extra handy.
The currency crisis had created three tiers of pricing - one price in USA dollar cash, and two far higher prices for paying in bond notes or electronic RTGS.
Zimbabwe's central bank reversed a ten-year-old policy that recognised a basket of foreign currencies as legal tender, ordering businesses to only price goods and services in local currency.
While more than 80 per cent of Zimbabweans earn RTGS dollars, goods ranging from bricks to groceries have their prices pegged in US dollars.
Zimbabweans have little faith in the economic record of the ZANU-PF government, which was led by president Robert Mugabe until 2017 when he was ousted in favour of Mnangagwa.
Zimbabwe abandoned its own dollar in 2009 after years of hyperinflation had destroyed trust in the local unit. He told reporters in Victoria Falls that the country had returned to normalcy. The country must have its own currency. We should actually be congratulating ourselves for taking this step'.
On Sunday, she followed in Webb's footsteps by winning the Women's PGA Championship, becoming the third Australian to win a major. Reavie put the tournament away on the par-4 17th, making a 14-foot birdie putt, while Bradley three-putted for a double bogey.
Early reviews overseas have arrived unanimously positive, praising the film's performances, action and major surprising twists. It is going to be such a fun movie and you guys will love it. "It's okay I got you I got you" @TomHolland1996", she wrote.
Yewande, who lives in Dublin, added: "I'd probably say there are only two genuine couples; Michael and Amber and Curtis and Amy ". They must also appeal to the viewers because the public partly decides who stays or goes on this show.
On Sunday, Iranian President Hassan Rouhani blamed the United States' "interventionist military presence" for fanning the flames. The penalties won't have a significant impact on a country that's already in recession and facing heavy sanctions from the U.S.
According to espncricinfo.com , Roy was able to bat in the nets on Monday, the first time after picking up the injury. England are looking to bounce back from their shock defeat to Sri Lanka, which has left them fourth in the standings.
Unexploded bombs are regularly found across Germany , frequently causing disruption while they are defused by disposal experts. Residents of Ahlbach were jolted by the explosion, which was large enough to feel like an natural disaster , at about 4 a.m.
He traveled to the rally with his wife and a group of friends from Brno, the country's second city, 200km from Prague . A day after police advised that the state prosecutor file charges against him, the minister of justice was changed.
Luc Besson's assassin thriller Anna missed out on the top 10 entirely, opening with a mere $3.5 million in 2,114 theatres. According to Comscore the 2019 box office has dropped 6% below 2018's record.
Siri soon to go desi with the new Apple iOS 13
As far as general physical appearance, the iPhone XI is expected to look pretty similar to its predecessor - with one exception. Olixar, a well-known accessory maker has begun to sell the camera protectors for the new iPhone 11 Max.
Missing YouTuber Etika's Items Found
He created a YouTube account in July 2012, for which he produced mostly Nintendo-related content until focusing on livestreaming. A body later confirmed to be Amofah's was found in the East River on Tuesday morning, according to NY law enforcement officials.
Stephanie Grisham will be next White House press secretary
She's proven her chops with the First Lady's Office, which has avoided the missteps that often plagued the West Wing press staff. The news doesn't come as a complete surprise given that the first lady had dropped a few hints during the selection process.
Peru 0 - 5 Brazil - Match Report & Highlights
After being denied by Peru goalkeeper Pedro Gallese , Jesus was visibly upset at being unable to end his competitive goal drought. Dani Alves was on target when Brazil beat Peru 5-0 in their final match of the Copa America's group stage on Saturday evening.
Climbers recover 7 bodies near Nanda Devi peak
They told officials on May 31 that they were in touch with the eight until 26 May a day before an avalanche hit the mountain. A rescue team had spotted the bodies earlier this month but was not able to retrieve them due to bad weather conditions.
Apple: Spotify only paying for 680K members
Spotify, according to The Verge, has 217 million monthly users, while Apple Music has around 40 million paid subscribers. Apple had levied 30 percent fee for the first year and then it transitioned to a 15 percent fee each year.
OPPO will show off its under-display selfie camera on June 26
Oppo, the smartphone brand that's often associated with selfies, is about to unveil their latest breakthrough for front cameras. Then, finally, we see a full-screen display with a circular outline of where the camera is hidden behind the display.
Federer wins record-extending 10th Halle title
But after a tight first set, he was handed a break in the first game of the second set when Goffin double-faulted on break point. Federer would like to increase his record 20 career Grand Slam title with a Ninth Wimbledon title next month.
Controversial YouTubers Jake Paul and Tana Mongeau are engaged
The YouTuber documented the evening on her Instagram Story , moreover, she told her 4 million followers she was pregnant as well. In the wild clip, the social media personality cries, falls down, sets s**t on fire, and even gets her nipple pierced!