Zimbabwe Note Move Stoke 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 move, first announced in … Read more

US To Restrict Dollar Imports Into Zimbabwe

The United States has set in motion a plan to “collapse the Zimbabwean economy overnight” by restricting US dollar imports into the country, The Sunday Mail has gathered. Part of this plot involves violent street protests against the scheduled introduction of bond notes aimed at easing US dollar cash shortages that began in April 2016. … Read more

Fear over Possible New Currency Prompts Bank Run in Zimbabwe

A prolonged shortage of the U.S. dollar, the dominant circulating currency in Zimbabwe, has worsened over the past two weeks as panicky clients queued up at banks to withdraw money, fearing that the greenback might be replaced by a new local currency soon. The long queues, seen daily at most bank branches in the city … Read more