Zimbabweans compare the new note with the US dollar note following the introduction of new notes by the Reserve Bank of Zimbabwe in Harare, Monday, Nov, 28, 2016. The Southern African nation has ...
HARARE, Zimbabwe – Zimbabwe has issued its own currency for the first time since 2009 to try to ease biting shortages of the U.S dollar. Banks started issuing the new currency, called bond notes, ...
It’s called a dollar, and worth a dollar – at least for now. But it has nothing to do with the U.S. Federal Reserve. Zimbabwe has started issuing so-called bond notes in a bid to ease a chronic ...
That Zimbabwe's currency disappeared up its own printing press we know. The last notes to roll off the line were one hundred trillion dollar ones and they were worth about enough for a weekly bus pass ...
HARARE, May 14 (Reuters) - Zimbabwe will introduce higher denomination bank notes to increase the amount of cash in circulation, the finance minister said in a government notice on Thursday, at a time ...
Zimbabwe’s tentative return to its own currency is getting a hostile reception from citizens, who fear a recurrence of the 500 billion percent inflation that plagued the southern African nation before ...
When President Robert Mugabe scrapped the Zimbabwe dollar in 2009, most of his people thought this meant the end of runaway money-printing and hyperinflation that had rendered the currency worthless.
HARARE (Reuters) - New low-denomination banknotes touted by the government as the solution to the acute cash shortage that has crippled Zimbabwe's economy failed to arrive on Monday, leaving banks in ...
Zimbabwe won’t print additional ZiG notes unless it has the reserves to back the new currency, as that could cause it to tank, central bank Governor John Mushayavanhu said. “We are not going to ...
Zimbabwe’s central bank says it will soon introduce bond notes to ease serious cash shortages in the country. According to The Source, an independent financial and business news entity, the governor ...