All Posts in Zimbabwe

Zimbabwe Finance Minister: Cash Notes in Circulation Soon Zimbabwe
Zimbabwe will issue new cash notes and coins to replace the quasi currency introduced three years. It was a failed attempt to counter a crippling shortage of cash, which increased inflation to the highest rate ever.  The new Zimbabwe dollar, exchangeable outside the country’s border, will be backed by an undisclosed amount of foreign exchange more
- - 0

Zimbabwe Printing New Notes Zimbabwe
President Emmerson Mnangagwa has announced that the new notes and coins would soon be made public. The notes would complete the new series that was introduced to ban the multi-currency system. Despite the ban of the multi-currency system, Zimbabwe doesn’t have a currency of its own. The local currency is in pretty bad shape after more
- - 0

Zimbabwe puts an end to Foreign Currencies. Zimbabwe
Zimbabwe has put an end to multiple foreign currencies to reign in the black market currency trade and the rising inflation. In 2009 the Zimbabwe dollar was thrown out when the exchange rate was Z$35 quadrillion to $1. The Finance and Economic Development Minister Mthuli Ncube announced the ban on Monday. But payment for international more
- - 0

Zimbabwe To Introduce A New Currency This Week – Tendai Biti Zimbabwe
The introduction of a new currency, this week, was declared by the former finance minister, Tendai Biti. The presentation of the monetary policy statement by the finance minister, Mthuli Ncube and the introduction of the new currency is expected to coincide. Biti says, Without the backing of any reserves and without the context of any more
- - 0

Zimbabwe to introduce domestic currency. Zimbabwe
The reintroduction of the new currency by Zimbabwe will be possible only when conditions are ripe and critical economic fundamentals are in place, as using US dollar as an anchor currency is now unsustainable said Mthuli Ncube( Finance and Economic Development Minister). Zimbabwe used US$ 300 million to import the US dollars, that were circulating more
- - 0