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/ 31 December 2007

Zim extends deadline for old currency

Zimbabwe’s central bank chief announced on Monday that he was extending a deadline for consumers to exchange their Z 000 bills, just hours before they were to cease being legal tender. The legal status of the Z 000 bearer cheque notes is ”now reinstated”, Reserve Bank Governor Gideon Gono announced at a news conference.

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/ 24 December 2007

No tills ringing in Zimbabwe

For many in inflation-riddled Zimbabwe this year, Christmas isn’t quite what it used to be. In a glitzy department store on Harare’s main First Street, there are no customers at the almost bare perfume counters. Upstairs in the toy department, Santa has disappeared from his grotto. Outside, about 500 weary customers queue for cash at a bank.