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zimbabwe dollar and US dollar

Zim’s US coins deal collapses

ZIMBABWE’S plans to import coins from the United States to alleviate the shortage of coins for small denomination change has collapsed, meaning the country will continue to depend on South African rand coins in a predominantly US dollar economy. A Ministry of Finance senior official, Eria Hamandishe, said the plan…

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April 10, 2014

Compensation of Zim dollar depositors hollow

BULAWAYO — The US$20 million proposed in the National Budget to compensate depositors whose Zimbabwe dollar balances were trapped in the financial system when the country switched over to the multi-currencies in 2009 is too little to wipe off government’s indebtedness. (more…)

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January 16, 2014