Mthuli Ncube told a town hall meeting late on Friday that a new local currency would be introduced in less than twelve months.
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Zimbabwe plans new currency as dollar shortage bites: Finance MinisterMthuli Ncube told a townhall meeting late on Friday that a new local currency would be introduced in less than twelve months.
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Zimbabwe plans new currency as dollar shortage bites - Finance MinsterThe southern African nation abandoned its own hyperinflation-wrecked currency in 2009 at the height of an economic recession, adopting the greenback and other currencies including sterling and the South African rand.
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Zimbabwe plans new currency as dollar shortage causes economic chaos | IOL NewsZimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of US dollars has plunged the financial system into disarray and forced businesses to close.
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Zimbabwe to re-introduce local currency within a year: ministerZimbabwe will re-introduce a local currency 'in less than 12 months', after using the US dollar and regional currencies since a hyperinflation crisis a decade ago, the finance minister said in an interview published on Saturday.
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Zimbabwe to introduce new currencyEconomically struggling Zimbabwe would introduce a new currency in the next12 months, the country’s finance minister said, as a shortage of US dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest.
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Zimbabwe faces 2019 starved of investment inflows and foreign currency | IOL Business ReportConsumers and corporates in Zimbabwe have had to do with price increases and other companies moving into price products in dollars.
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Zimbabwe's Delta hikes price of beer as liquidity crunch bites | IOL Business ReportThis comes after the company decided to drop the decision to sell its drinks in the US dollar after talks with the government and the central bank.
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