Panic Grips Market As Zimbabwe Dollar Plunges
The inflation-ravaged dollar has been collapsing against the greenback since it was declared the sole legal tender in June, as confidence in the local currency hits rock bottom. The southern African country is also battling serious cash shortages of its own currency coupled by critical levels of foreign reserves to sustain imported essentials such as fuel, medicines and electricity.
Zimbabwe's bond notes and U.S. dollar notes.
The striking doctors say they will still not return to work even after their colleague and Zimbabwe Hospital Doctors Association acting president Peter Magombeyi who had been ... Read more »
President Emmerson Mnangagwa's government says Zimbabwe has lost at least U.S.$42 billion in revenue in the last 18 years due to the sanctions imposed on the country by the United ... Read more »
Zimbabwe's banking sector is skating on thin ice as the financial sector begins to reform, with the country waiting for the introduction of a new Zimbabwe dollar note. Meanwhile, ... Read more »
See What Everyone is Watching