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Zimbabwe: Government Abandons Local Currency
SW Radio, 29 January 2009
The government has for the first time acknowledged that the Zimbabwe dollar has no value, after acting Finance Minister Patrick Chinamasa, on Thursday detailed the country's budget… Read more »
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Zimbabwe: Knock Off 12 Zeros, RBZ Urged
The Herald, 28 January 2009
THE Confederation of Zimbabwe Industries has urged the Reserve Bank of Zimbabwe to knock off 12 zeros from the Zimbabwean dollar while freezing the monetary base (money printing)… Read more »
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Zimbabwe: Full Dollarisation Vital to Sustain Economy
The Herald, 28 January 2009
THE switch to the hard-currency economy has gone faster than most, and probably the Reserve Bank of Zimbabwe itself, expected. Read more »
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Zimbabwe: 'Dollarisation' Deals Blow Financial Sector
Zimbabwe Standard, 24 January 2009
THE bubble has finally burst for Zimbabwe's financial services sector following the dollarisation of the economy, analysts said last week. Read more »
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Zimbabwe: 'Dollarisation' of Economy Hitting Poor Hard
IPS, 24 January 2009
The collapse of the Zimbabwean economy has led to the "dollarisation" of the economy - and even to what some, who have still maintained some sense of tragicomedy, call the… Read more »