Zimbabwe Turns On the Money Machine

An extra U.S.$400 million in bond notes and coins will be printed to cover the gap left by the withdrawal of hard currencies, Reserve Bank Governor John Mangudya has said. The government reintroduced the Zimbabwe dollar, which was abandoned because of hyperinflation in 2009, when the country mainly adopted the U.S. Dollar and the South African Rand.

Bond Notes.

InFocus

See What Everyone is Watching

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 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.