On Monday the country woke up to a tweet by the former finance minister Hon. Tendai Biti that the Central Bank is to introduce a new currency. Despondency is the word that can describe the feeling that tweet brought on the microblogging site. In all this is, one question asked by one reader that got my attention was "what really makes a currency strong or weak and who determines the exchange rate of a country's currency?"
In finance an exchange rate is the rate at which one currency is exchanged for another. It is also regarded as the value of one countrys currency in relation to another currency. For example the parallel market rates between the US dollar and the Bond Note of $1/3.65, which means that it costs one $3.65Bond Notes to acquire US$1.
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