Could Zimbabwe Adopt the South African Rand?
Zimbabwe's adoption of the South African rand as its main currency will "encourage" foreign investment, specialists say.
-
Zimbabwe:
Bond Notes Unnerve Potential Investors
Zimbabwe Standard, 25 September 2016
The impending bond notes appear to have scared away prospective investors who have now adopted a wait-and-see attitude -- waiting to see how the market will react to the pseudo… Read more »
-
Zimbabwe:
Could Nation Adopt South African Rand?
The Herald, 21 September 2016
The South African rand rallied to a fresh two-week high against the dollar yesterday, its fifth consecutive day of gains against the greenback yesterday, rising more than 1 percent… Read more »
South African rand - bank notes and coins.
InFocus
-
The country's Finance Minister, Patrick Chinamasa, suggested to cutting down salaries and bonuses for at least two years. Read more »
-
Bankers and industry have reportedly endorsed the adoption of the South African rand as the major currency. Read more »
-
The cash shortage has forced banks to lower their daily withdrawal limits while the government has urged citizens to use cards instead of cash. Read more »