RBZ rejects currency plan by accountants

PHILLIMON MHLANGA The Reserve Bank of Zimbabwe (RBZ) has rejected a proposal by the country’s accounting profession regulator, the Public Accountants and Auditors Board (PAAB), to backdate February’s introduction of the functional currency to January this year for reporting purposes. The government gazetted Statutory Instrument (SI) 33 of 2019 in February which introduced the Real…