Governor of the Reserve Bank of Zimbabwe John Mangudya said that there were no plans to re-introduce local currency as purported in messages being posted on social media.
A letter supposedly written by deputy minister of finance Terrence Mukupe to "all citizens and line ministries" and circulating on social media said that the government had resolved to revert to the use of local currency with effect from July 9.
However, Mukupe has since dismissed the letter as false and an attempt to smear his character.
Mangudya weighed in Wednesday dismissing the social media messages and accusing illegal foreign currency dealers of trying to cause confusion in the economy.
"Members of the public should ignore the social media article which has apparently been created and circulated by people who seem bent on manipulating parallel market rates for personal gain at the expense of the unsuspecting members of the public.
"The article is also calculated to cause unnecessary anxiety, panic, alarm and despondency within the national economy," he said.
He gave assurances that the country would continue to use the multi-currency system in line with government policy.
Zimbabwe has a multi-currency basket comprising the Euro, U.S. dollar, British Pound, Australian dollar, Canadian dollar, Chinese yuan, Indian rupee, South African rand and Botswana pula, although the more tradable currencies are the U.S. dollar and the rand.
Absa is relaunching its brand next week. Last week it applied for new trademarks.
This is it's new (if still officially unconfirmed) logo – though we still don't know what it is doing with all the colours suddenly popping up.
Absa is due to relaunch its brand next week, but trademark filings show what its new logo will look like.
Absa applied for two new trademarks on 27 June, which now form part of public records, first spotted and reported by BusinessTech.
Absa has been using the word "digital" a great deal during 2018, and the new registrations have a distinctly digital feeling to them.
Absa has been dropping pointed hints towards its new identity since March.
It has also been using a range of colours in internal presentations since March – which seemed to have no meaning until similar colours started appearing on an in Absa headquarters in Johannesburg this week.
How the colours relate to the new identity is not clear, and as before Absa has resolutely refused to comment or answer questions.
However, Business Insider South Africa understands that staff in South Africa have been briefed about the new banner under which they will be working, and have kept the plans quiet to date.
Absa CEO Maria Ramos said in March that the new approach "will have something new and something old" "with an identity fit for the modern, new and forward-looking businesses we are creating."
"We are bringing Africa into Absa," she said.
Credit: Business Insider