Zimbabwe Inflation Nears 100%

The Zimbabwe government is working on modalities to introduce a new currency, which will be the sole legal tender for domestic transactions, within the next nine months, President Mnangagwa has said. This comes as the annual rate of inflation has risen to nearly 100%, the highest in a decade. Prices have been rising in shops making daily life difficult for Zimbabweans who are stuck with a local RTGS dollar that is weakening against the U.S. dollar.

Bond notes.

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