THE SMART NEWS SOURCE | Feb 10 2012 16:19 | LAST UPDATED Feb 10 2012 16:19 |
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In God we trustThe dollarisation of Zimbabwe's economy has been good for many in the country but not for money traders on the formerly booming black market. The land of pedestrian millionairesForget cholera and hunger. The new kid on the block of crises in Zimbabwe is change. 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. Street life on Kwame NkrumahHarare on a Saturday night is full of furtive politics, friendly strangers and the odd stray cat, as Chief K Masimba Biriwasha discovered. Zimbabwe introduces Z$100-billion noteZimbabwe, grappling with a record 2,2-million percent inflation, has introduced a new Z$100-billion note in a bid to tackle rampant cash shortages. Zimbabwe's currency crashes, prices rocketZimbabwe's currency plunged to a new record low on Thursday, trading at an average one billion to the US dollar on a recently introduced interbank market. |
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