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Zimbabwe will introduce a new currency in the next 12 months.

Due to the shortage of U.S dollars, Zimbabwe will introduce a new currency in the next 12 months. The southern African Nation adopted the greenback and other currencies including Sterling and South African Rand, abandoning its own hyperinflation wrecked currency in 2009 due to the economic recession. The new local currency will be introduced in less than twelve months. As hyperinflation spiralled to reach 500 billion % in 2008 the Zimbabwean dollar became worthless which wiped out the pensions and savings. A surrogate bond currency was introduced in 2016, which was introduced to overcome the dollar shortages, that lost its value. As there are fuel shortages the companies are struggling to import raw materials and equipment. They are forced to buy green notes on the black market at a premium of up to 370 %. Due to the dollar crunch, Zimbabwe has warned some of its members to stop operating.

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