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  • Sunrise of currency reform - Index of articles and reports on Zimbabwe's new currency reforms

  • Presidential Powers (Temporary Measures) (Currency Revaluation) Regulations, 2006
    - SI 199 of 2006

    July 31, 2006

    Published as a supplement to the Zimbabwean Government Gazette Extraordinary dated the 31st July, 2006

    Download this Bill
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    Arrangement of sections

    1. Title.
    2. Interpretation.
    3. Issue of new bearer cheques, saving in force of certain coins and
    banknotes at revalued rate and expiry and exchange of old bearer cheques.
    4. Limitations on exchange of old bearer cheques.
    5. Rounding-off of converted sums.
    6. Operations of financial institutions, traders, etc., to conform to new currency system.
    7. Preparation of financial statements in terms of old and new currency systems.
    8. Temporary indication of prices for goods and services in both currency systems.
    9. Cheques and other negotiable instruments.
    10. Effect of conversion to new currency system on debts, contracts, securities, etc.
    11. References to old currency system in enactments.
    12. Immunity where official powers or functions exercised in good faith.
    13. Issue of directions for purposes of these regulations.
    14. Regulations to bind the State
    15. Amendment of Cap. 24:24.

    FIRST SCHEDULE: Rounding-Off of Converted Sums.
    SECOND SCHEDULE: Indication of Prices for Goods and Services in both Currency Systems.
    THIRD SCHEDULE: Words be Endorsed by Drawers on All Cheques Drawn on and Between the 1st August, 2006, and 31st August, 2006.

    HIS Excellency the President, in terms of section 2 of the Presidential Powers (Temporary Measures) Act [Chapter 10:20], hereby makes the following regulations:—

    1. These regulations may be cited as the Presidential Powers (Temporary Measures) (Currency Revaluation) Regulations, 2006.

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