Relevant:
- Zimbabwe's ‘Zombie Currency' Hits Streets as Bond Notes Arrive
- Zimbabwe abandons its currency
- Zimbabwe Says Days Of The US Dollar Are Numbered, Pushes For Gold-Backed Local Currency
- Zimbabwe may sell diamonds to launch gold-backed currency
- Presenting the latest country to lose confidence in the dollar....
2019-06-28 — ampproject.org
Zimbabwe's government has taken the controversial decision to ban local trading in foreign currencies, including the US dollar, with immediate effect.
It has also reintroduced the Zimbabwe dollar, which was abandoned because of hyperinflation in 2009 when the country mainly adopted the US dollar and the South African rand.
The move has shocked Zimbabweans, who have little faith in a local currency - the exchange rate when the Zimbabwe dollar was scrapped was Z$35 quadrillion to $1.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
