Zimbabwe: Govt Rolls Out Lower-Denomination Money to Ease Cash Shortage

Zimbabwe's central bank says it has begun circulating lower-denomination bank notes and coins, in an effort to help end severe shortages of cash and boost the new Zimbabwean currency.  But many have doubts the new money by itself will improve the country's struggling economy.

By close of business Monday, most banks in Harare did not have their allocations of the new money.  The Reserve Bank of Zimbabwe said it would comment once it has ensured that deliveries has been made to all banks.
Harare resident Kudakwashe Muchena is one of those tired of the cash shortages that have made life difficult for Zimbabweans over the past two years.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.