Zimbabwe note launch stokes currency fears

Zimbabwe note launch stokes currency fears
 

Zimbabwe has launched its own money for the first time since the country's dollar was abandoned seven years ago amid rampant inflation.
The bond note, which is worth one US dollar - the country's main currency since 2009 - is raising fears of a return to the ill-fated local dollar.
The notes, first announced in May, have fuelled some of the biggest protests in a decade against President Mugabe.
The government insists the bond note is not an official currency.
It is introducing the new notes to tackle a worsening cash shortage and halt the flow of US dollars going out of the country, a move... read more

 
28 November 2016 in Business, Views: 37
Source: BBC
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