{
  "title": "Zimbabwe: Change in Representative Rate",
  "publication": "IMF Staff Country Reports, September 26, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/09/26/zimbabwe-change-in-representative-rate-555586",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2024/09/26/zimbabwe-change-in-representative-rate-555586",
  "overlayPath": "/en/publications/cr/issues/2024/09/26/zimbabwe-change-in-representative-rate-555586/index.md",
  "summary": "This paper focuses on change in representative rate in Zimbabwe. Zimbabwe introduced the Zimbabwe Gold in April 2024, replacing the Zimbabwe dollar.",
  "sections": [
    {
      "heading": "Summary of action and context",
      "content": "- Zimbabwe introduced the Zimbabwe Gold in April 2024, replacing the Zimbabwe dollar.\n- Zimbabwe informed the IMF on April 29, 2024 of the introduction of the new currency called the Zimbabwe Gold, in accordance with IMF Article IV, Section 2(a).\n- The procedure to establish the representative rate for the Zimbabwe dollar was established in December 2019."
    },
    {
      "heading": "Purpose and use of the representative rate",
      "content": "- The representative rate is used to value the Fund’s holdings of Zimbabwe’s currency in terms of the SDR.\n- For the Zimbabwe dollar, the representative rate was defined as the midpoint between the buying and selling rates against the U.S. dollar as reported by the Reserve Bank of Zimbabwe."
    },
    {
      "heading": "IMF finding (after consultation with Zimbabwean authorities)",
      "content": "- The IMF finds that the representative exchange rate for the Zimbabwe Gold is the midpoint (average) between the buying and selling rates against the U.S. dollar as reported by the Reserve Bank of Zimbabwe."
    },
    {
      "heading": "Key metadata and identifiers (as presented)",
      "content": "- Pages: 3\n- Volume: 2024\n- Issue: 303\n- Series: Country Report No. 2024/303\n- DOI: https://doi.org/10.5089/9798400288593.002\n- Stock No: 1ZWEEA2024001\n- ISBN: 9798400288593\n- ISSN: 1934-7685\n\nSource: Zimbabwe: Change in Representative Rate (September 26, 2024).\n\n---\n\n Content in this bundle\n\n- Zimbabwe: Change in Representative Rate; IMF Country Report No. 24/303; September 9, 2024\n  - Zimbabwe: Change in Representative Rate; IMF Country Report No. 24/303; September 9, 2024 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Zimbabwe: Change in Representative Rate; IMF Country Report No. 24/303; September 9, 2024 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2024/09/26/zimbabwe-change-in-representative-rate-555586/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2024/09/26/zimbabwe-change-in-representative-rate-555586/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2024/09/26/zimbabwe-change-in-representative-rate-555586/bundle-manifest.json)",
    "Published: September 26, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400288593.002",
    "Zimbabwe introduced the Zimbabwe Gold in April 2024, replacing the Zimbabwe dollar.",
    "Zimbabwe informed the IMF on April 29, 2024 of the introduction of the new currency called the Zimbabwe Gold, in accordance with IMF Article IV, Section 2(a).",
    "The procedure to establish the representative rate for the Zimbabwe dollar was established in December 2019.",
    "The representative rate is used to value the Fund’s holdings of Zimbabwe’s currency in terms of the SDR.",
    "For the Zimbabwe dollar, the representative rate was defined as the midpoint between the buying and selling rates against the U.S. dollar as reported by the Reserve Bank of Zimbabwe.",
    "The IMF finds that the representative exchange rate for the Zimbabwe Gold is the midpoint (average) between the buying and selling rates against the U.S. dollar as reported by the Reserve Bank of Zimbabwe.",
    "Pages: 3",
    "Volume: 2024",
    "Issue: 303",
    "Series: Country Report No. 2024/303",
    "DOI: https://doi.org/10.5089/9798400288593.002",
    "Stock No: 1ZWEEA2024001",
    "ISBN: 9798400288593",
    "ISSN: 1934-7685",
    "**Zimbabwe: Change in Representative Rate; IMF Country Report No. 24/303; September 9, 2024**"
  ],
  "related": [
    {
      "title": "Zimbabwe: Change in Representative Rate; IMF Country Report No. 24/303; September 9, 2024",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2024/english/1zweea2024001-print-pdf.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2024/english/1zweea2024001-print-pdf.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2024/english/1zweea2024001-print-pdf.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2024/09/26/zimbabwe-change-in-representative-rate-555586/index.md",
    "json": "/en/publications/cr/issues/2024/09/26/zimbabwe-change-in-representative-rate-555586/index.json",
    "bundleManifest": "/en/publications/cr/issues/2024/09/26/zimbabwe-change-in-representative-rate-555586/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-11T15:40:54.709Z"
}