Zimbabwe Turns to Regulations in Bid to Stem Currency Plunge

In Zimbabwe, trading in any currency which is not the Zimbabwe dollar now attracts a fixed $6 000 fine and failure to pay the fine will result in the person involved being jailed. The government has clamped down on mobile money, tightened controls on foreign-exchange bureaux and dealers and banned the quoting of prices in any currency other than its own dollar as it struggles to manage a monetary system that's spiraling out of control.

Zimbabwe's bond notes and U.S. dollar notes.


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