Archive – Zimbabwe

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Not Even Beggars Accept Zimbabwe’s New Coins

To remedy the small change shortage, Zimbabwe issued the so-called bond coins. So far, the approach has proven ineffective. That may be due to the fact that the Reserve Bank does not bring it home to the people what bond coins actually are. more ]

Zimbabwe decommissions currency

The Reserve Bank of Zimbabwe has announced the official demonetization of the Zimbabwe dollar. For many years, foreign money replaced the multiple-digit local currency. more ]

Chinese yuan to become legal tender in Zimbabwe

In the course of autumn 2016, Zimbabwe will introduce the Chinese yuan as its third official currency. This is a welcome deal considering that China in turn will cancel 40 million US dollars in debts. more ]

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