Zimbabwe’s central bank has finally responded to Covid-19 crisis which threatens to choke the economy. In a surprising about turn, the Bank legalizes the use of the United States dollar for payment of goods and services. The RBZ admits the country’s limited access to foreign currency is adversely affecting Zimbabwe’s Balance of Payment position. It also dumps its recently adopted Managed Floating Rate System in favor of a Fixed Exchange Rate System. This podcast looks at the wider implications of the RBZ’s policy response.