Hyperinflation

Zimbabwe Scraps Multi-Currency System, Now Illegal to Use the U.S. Dollar, Rand & Pula

The Zimbabwean government has with immediate effect, scrapped the multi-currency system in place since 2009 and further criminalised its use alongside the local RTGS$ recently announced as a stand-alone currency.This is according to an E...

Joburg Post·almost 5 years ago

Multi-Currency Ban - MDC Slams Govt's 'Ambush' Policies

The MDC has slammed the Zanu PF led government for "ambushing" citizens through the shock scrapping of the multi-currency regime on Monday in place of the much resented return to the local currency.Government, through Statutory Instrumen...

Joburg Post·almost 5 years ago

Zimbabwean Legal Group Claims New Currency is Illegal

A Zimbabwean lawyer backed by a prominent legal group has challenged the government's decision to revert to the Zimbabwe dollar and outlaw the use of U.S., South African and European currencies. Supported by the Harare-based Lawyers ...

Joburg Post·almost 5 years ago

Zimbabwe on the Brink, Again?

The past few months for the landlocked country of Zimbabwe have been eventful, to say the least. Battered by a severe drought that has affected agriculture, a power utility unable to meet the minimum required demand, and a doubling in an...

Neo Sithole·almost 5 years ago

SI 142: The Zimbabwean Dollar’s Enforcer

It has been a little over two weeks since the Zimbabwean Minister of Finance and Economic Development had announced that only the Zimbabwe dollar, previously known as the Real Time Gross Settlement dollar that had been introduced early t...

Neo Sithole·almost 5 years ago