Zimbabwe currently has $2, $5 and $10 notes which are almost worthless as the Zimbabwe dollar is now trading at $85.51 to the United States dollar meaning that the highest denomination will be worth about 50 US cents and much less on the black market.
The note which was first mooted in January has probably been delayed to ensure market stability which has prevailed this year with the local currency falling by $3.42 in the past six months.
(73 VIEWS)
Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…
The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…
Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…
The United States lost its place as the most influential global power in Africa last…
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…
The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…
