THE SMART NEWS SOURCE | Feb 10 2012 16:31 | LAST UPDATED Feb 10 2012 16:31 |
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Zimbabwe inflation eases to 2,7%Zimbabwe's inflation eased in March to 2,7%, down from 3% in February, thanks to lower prices for telecommunications and medicine. Zim's annual inflation slows to 3,6%Zimbabwe's annual inflation eased to 3,6% for the month of October, down from the September rate of 4,2%. Zim inflation slows to 4,1%Zimbabwe's annual inflation rate in July stood at 4,1%, declining from 5,3% the month before, the government statistics agency said on Monday. Take the biscuit -- twiceDual currency is making the streets of Harare feel like a million dollars because everyone wants to Eet-Sum-Mor, writes Stanley Kwenda. Zim considers fixing its currency to the randZimbabwe will consider fixing its local dollar to the South African rand but will not adopt it as its main currency, Robert Mugabe said on Thursday. Motlanthe says Zimbabwe could adopt the randSouth African President Kgalema Motlanthe said on Sunday that neighbouring Zimbabwe could adopt the rand as its standard currency. Zimbabwe unveils 100-trillion dollar noteZimbabwe will introduce a 100-trillion dollar note, in its latest attempt to keep pace with hyperinflation that has left the economy in tatters. The moneychangers' flea market in Zim's CBDThey wear flashy garments and loud perfumes, presenting themselves as uptown yuppies. Crisis-hit Zim rolls out Z$10-billion noteZimbabwe's central bank on Friday introduced a Z$10-billion banknote, worth $20 on the black market, to try to ease desperate cash shortages. Zimbabwe unveils Z$500-million noteZimbabwe's central bank on Friday introduced a Z$500-million note, as the country struggles to cope with the world's highest inflation. |
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