Browsing: Zimbabwean dollar

A move by Zimbabwe’s Central Bank to raise its benchmark to 60 percent from 40 percent could have some unintended consequences on production sectors. That’s according to some market analysts. Last week the apex bank raised rates in an attempt to curb speculative borrowing that had fuelled a decline in the value of the Zimbabwean Dollar.

Zimbabwe will be printing its currency again after banning all trade in foreign currency in the country. The authorities say the Zimbabwean Dollar or Bond Note is the sole legal tender for all local transactions.
This comes as the country battles a parallel exchange market, and runaway inflation

The Zimbabwean dollar is back after a decade. Whether people like or not, this is part of an effort by President Emmerson Mnangagwa to repair the country’s ailing economy. It’s been severely damaged by hyperinflation and a long succession of failed economic interventions. But many here, don’t expect an economic turnaround with the president’s promises, and struggle to keep their businesses afloat