RTGS systems have been clogged, resulting in transactions taking up to three days to be cleared.
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THE value of transactions processed through the National Payments System (NPS) declined by five percent to close the week ending February 23, 2018 at $1,628 billion, according to the latest Reserve Bank of Zimbabwe (RBZ) Weekly Economic Highlights. This is premium content. Subscribe to read article.
The RBZ said the decline was mainly driven by a 1,7 percent decrease in the value of Real Time Gross Settlement (RTGS) transactions to $1,154 billion, from $1,174 billion during the week ending February 16, 2018. Subscribe to The Financial Gazette
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