Zimbabwe's Cash Crisis Worsens
The country has run out of U.S. dollars and hopes to ease the cash crunch by printing bond notes.
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Zimbabwe:
U.S Dollar Notes Disappear
Financial Gazette, 29 September 2016
ZIMBABWE'S fragile economic situation is lurching towards fresh depths amid indications that small United States dollar denominations are disappearing from circulation, thereby… Read more »
(file photo).
InFocus
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The government may struggle to pay salaries to civil servants in the coming months because of a cash crisis that sees the return of long queues at banks. Read more »
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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 »
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Bankers and industry have reportedly endorsed the adoption of the South African rand as the major currency. Read more »
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The Constitutional Court has described the contestation as premature and speculative and asked the plaitiff to wait until the notes were introduced before pointing out the alleged ... Read more »