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 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 »