Zimbabwe plans new currency as dollar shortage bites - Finance Minster

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The southern African nation abandoned its own hyperinflation-wrecked currency in 2009 at the height of an economic recession, adopting the greenback and other currencies including sterling and the South African rand.

 

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Zimbabwe plans new currency as dollar shortage bites - Finance MinisterMthuli Ncube told a town hall meeting late on Friday that a new local currency would be introduced in less than twelve months. Maybe they should consider using the Rand. Why don’t they stick with the Zim dollar and scrap out the Rand and other foreign currency? How many times have they changed the currency already?🙄
Source: ewnupdates - 🏆 30. / 53 Read more »

Zimbabwe plans new currency as dollar shortage bites: Finance MinisterMthuli Ncube told a townhall meeting late on Friday that a new local currency would be introduced in less than twelve months. It won't be worth the paper it's printed on.. toliet paper probably has a higher value than the zim currency Let's hope that new currency will make the economy of Zim to rise Would it not be cheaper to create a relevant, suitable stamp & use toilet paper, single ply - at least something useful is created, value much probably the same.
Source: eNCA - 🏆 49. / 51 Read more »

Zimbabwe plans new currency as dollar shortage causes economic chaos | IOL NewsZimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of US dollars has plunged the financial system into disarray and forced businesses to close. For the crisis that we going through right now. That decision is not going to work.
Source: IOL - 🏆 46. / 51 Read more »

Zimbabwe to introduce new currencyEconomically struggling Zimbabwe would introduce a new currency in the next12 months, the country’s finance minister said, as a shortage of US dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest. Zimbabwens why you keep on voting ZANUPF Why for how long zimbabwe Will suffer because of ZANUPF Yoo zimbos why? new currency or old one makes no difference, all Zim needs is fresh ideas as to how to re-inject the economy and improve lives. :A derailed train is seen by the way it moves , before crashing .!! Zim has lost its direction & it's running down to the sea .!
Source: City_Press - 🏆 7. / 72 Read more »

Zimbabwe faces 2019 starved of investment inflows and foreign currency | IOL Business ReportConsumers and corporates in Zimbabwe have had to do with price increases and other companies moving into price products in dollars.
Source: IOL - 🏆 46. / 51 Read more »

Zimbabwe to re-introduce local currency within a year: ministerZimbabwe will re-introduce a local currency 'in less than 12 months', after using the US dollar and regional currencies since a hyperinflation crisis a decade ago, the finance minister said in an interview published on Saturday. O jewa keng? Rand Really? Why not use the rand until the economy stabilises
Source: TimesLIVE - 🏆 28. / 59 Read more »