News Formal

Zimbabwe suspends bank lending in bid to arrest currency decline - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Zimbabwe’s government ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and was part of a raft of measures to arrest its rapid devaluation on the black market.

A street vendor poses as he displays bond notes, before the introduction of new currency in Harare, Zimbabwe, November 11,2019.A street vendor poses as he displays bond notes, before the introduction of new currency in Harare, Zimbabwe, November 11,2019.

The southern African country reintroduced a local currency in 2019 after abandoning it in 2009 when it was hit by hyperinflation. The black market exchange rate has moved from about 200 Zimbabwe dollars at the beginning of the year. “Lending by banks to both the government and the private sector is hereby suspended with immediate effect, until further notice,” Mnangagwa said in a statement.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

The world get to know how good and skillful you are Mrs JonathanHele you change my life financiallyI can't believe making profit from you JonathanHele

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 37. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

One South Africa marches against 'capture' of Siyathemba Local Municipality in Prieska - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.One South Africa (OSA) Chief Activist Mmusi Maimane and the residents of Prieska in the Northern Cape held a march against what they call illegal power grab by the African National Congress in Siyathemba Local Municipality.
Källa: SABCNews - 🏆 37. / 51 Läs mer »