Zimbabwean Govt Aims To Present New Currency By End Of The Year

The possibility of another Zimbabwe currency won't do a lot to reestablish certainty. Numerous in the country still wanted after the days when Zimbabwe originally embraced the US dollar and inflation was unimportant.

Zimbabwe Govt Aims To Present New Currency By End Of The Year-Surge Zirc SA
Emmerson Mnagagwa/Photo File: Google

Zimbabwe -Zimbabwean President Emmerson Mnangagwa said on Friday his government intended to present new currency before the year’s over.

Most Zimbabweans were utilizing local electronic RTGS dollars presented in February, yet the currency lost value against the US dollar, prompting huge price climbs and high inflation.

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The possibility of another Zimbabwe currency won’t do a lot to reestablish certainty. Numerous in the country still wanted after the days when Zimbabwe originally embraced the US dollar and inflation was unimportant.

But US dollars had largely disappeared from circulation. Those who still had access to them got massive discounts in shops and restaurants, as well as fuel at select service stations without having to sit in long queues.

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However, on Friday, Mnangagwa said the journey to a new currency had started.

In remarks conveyed by state media, he said when the new currency was introduced it won’t be possible to use foreign currency for local transactions.

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