Mohamed
New Custom Currency for ZImabwe Legal Reportng
Mohamed · over 1 year ago · Question
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Mohamed

What is the process of adding an additional currency for a country?

Zimbabwe, through its central bank has adopted the RTGS Dollar as its new official currency.

There is a requirement to transact and report in RTGS Dollars in SAP. There is currently no ISO code for this currency.

The following is stated in terms of the monetary policy

The RTGS Dollars shall be used by all entities (including government) and individuals in Zimbabwe for the purposes of pricing of goods and services, record debts, accounting and settlement of domestic transactions. 

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