Zimbabwe brings back foreign currencies ahead of coronavirus lockdown - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Zimbabwe brings back foreign currencies ahead of coronavirus lockdown

The central bank on Thursday said it would allow Zimbabweans to use foreign currencies as part of measures to deal with the effects of the coronavirus epidemic.legalized the use of foreign currencies in domestic transactions on Sunday, less than a year after abandoning dollar, as the country readies for a 21-day lockdown to prevent the spread of coronavirus, starting at midnight.

On Sunday, the government published new exchange control regulations making it legal for Zimbabweans to use electronic and cash foreign currencies when buying local goods. Economic analysts say the move will further weaken the Zimbabwe dollar, which has lost more than half its value since it was brought back last June, ending a decade of dollarisation that helped stabilize the economy.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The people in Africa are suffering because these Governments cant work together and don't trust each other Zimbabwe should join the common currency union!

They should have listened to Tendai Biti a long time ago

Now you must just bring back all your people form south Africa then you sorted

They are crazy! They want to loot all the USD now so they can get treated or buy medical equipment for themselves!!! I pray people in Zim never to use the USD and keep using Bonds mxxxm Useless government

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Moody's downgrades South Africa to 'junk' status - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Moody’s downgraded South Africa’s sovereign credit rating to “junk” status on Friday, heaping more misery on an economy already in recession and now staring down the barrel of a steep contraction over the global coronavirus pandemic. Give us a break while we find our way out of the current pandemic. We will talk about your bias and opportunistic ratings when our lives are no more in danger of COVID-19 please Never rain but pours Dear Mr PresidencyZA now is the time to be as decisive as you have been with COVID-19 with economic reforms and getting rid of the Zuma RET Faction. All the evidence is there. You just need to act on it. Please. We will stand with you.
Source: SABC News Online - 🏆 32. / 51 Read more »

South Africa records second COVID-19 death, cases rise to 1 280 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa has confirmed a second death from the coronavirus, with the number of infections rising to 1 280. The deceased is a 74-year-old man, who had been in the Intensive Care Unit (ICU) and ventilation at a private hospital in Ladysmith, KwaZulu-Natal. FlattenTheCurveTogether 👇 Jesus Christ 😷 OMG
Source: SABC News Online - 🏆 32. / 51 Read more »

China bans foreign travellers - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.China’s official media told people to stay on guard against the coronavirus (COVID-19) on Saturday and restrictions on foreigners entering went into effect as the country reported no new locally transmitted infections and a small drop in imported cases. Chinese people are behind this virus, Mark my words. Soon and very soon the truth will come out, lot of suspicion I have about them. Too late you have already infected the whole world
Source: SABC News Online - 🏆 32. / 51 Read more »