This statutory instrument was gazetted in a Government Gazette Extraordinary late on 22nd February 2019, making that date its date of commencement. Section 2 of the regulations is set out in full below:
2. The Exchange Control Regulations, 1996, published in Statutory Instrument 109 of 1996, is amended in section 2 (“Interpretation”) by the insertion of the following definition—
““currency”—
(a) means the coin and paper money of Zimbabwe or of a foreign country that is designated as legal tender and which is customarily used and accepted as a medium of exchange in the country of issue;
(b) includes—
(i) foreign currency that is designated as legal tender in the Republic of Zimbabwe by virtue of section 44A of the Reserve Bank of Zimbabwe Act [Chapter 22:15] (No. 5 of 1999);
(ii) for the purposes of these regulations, bond notes and coins as defined in section 44B of the Reserve Bank of Zimbabwe Act [Chapter 22:15] (No. 5 of 1999);
(iii) any electronic currency issued in terms of section 44C of the Reserve Bank of Zimbabwe Act [Chapter 22:15] (No. 5 of 1999) (including in particular the RTGS dollar);
(iv) any bill of exchange, promissory note, traveller’s cheque or letter of credit or any draft or other document issued to obtain currency or credit for an amount of money;”.
Also published in the same Government Gazette Extraordinary was SI 33/2019, making related amendments to the Reserve Bank of Zimbabwe Act by regulation under the Presidential Powers (Temporary Measures) Act.
