Although the American currency brought about stability, it is restraining growth and local industry in the country.
The country’s finance minister has announced that $217 is all that remains in the public account of the Zimbabwean government.
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.
Dual currency is making the streets of Harare feel like a million dollars because everyone wants to Eet-Sum-Mor, writes Stanley Kwenda.
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/ 26 February 2009
Zimbabwe 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.
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/ 9 February 2009
South African President Kgalema Motlanthe said on Sunday that neighbouring Zimbabwe could adopt the rand as its standard currency.
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/ 16 January 2009
Zimbabwe will introduce a 100-trillion dollar note, in its latest attempt to keep pace with hyperinflation that has left the economy in tatters.
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/ 21 December 2008
They wear flashy garments and loud perfumes, presenting themselves as uptown yuppies.
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/ 19 December 2008
Zimbabwe’s central bank on Friday introduced a Z-billion banknote, worth on the black market, to try to ease desperate cash shortages.
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/ 12 December 2008
Zimbabwe’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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/ 19 November 2008
Zimbabwe’s gold production plunged by 64,5% in October compared with the same period last year, underscoring the woes of the once vital industry.
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/ 3 November 2008
Zimbabwe will soon introduce higher denomination banknotes, of up to one million Zimbabwean dollars, in a bid to ease the effects of hyperinflation.
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/ 22 October 2008
Zimbabwe’s militant war veterans threatened on Wednesday to take action against MDC leader Morgan Tsvangirai.
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/ 21 October 2008
Regional efforts to help Zimbabwe ground to a halt on Monday as Morgan Tsvangirai refused to attend a summit until he is granted a passport.
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/ 17 October 2008
Zimbabwe President Robert Mugabe and rival Morgan Tsvangirai were set on Friday to resume power-sharing talks for a fourth day.
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/ 16 October 2008
Zimbabwe President Robert Mugabe and Morgan Tsvangirai failed on Wednesday to break an impasse on power sharing, but said talks had made progress.
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/ 15 October 2008
Zimbabwean parties resumed talks on Wednesday aimed at rescuing a power-sharing deal. The negotiations ended without agreement on Tuesday.
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/ 13 October 2008
Zimbabwean President Robert Mugabe has sworn in two vice-presidents ahead of talks on forming a Cabinet, a government official said on Monday.
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/ 13 October 2008
Former SA president Thabo Mbeki was set to fly to Zimbabwe on Monday in a last-ditch bid to save a power-sharing deal.
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/ 10 October 2008
Zimbabwe’s political rivals agreed on Friday to seek renewed mediation by former SA president Thabo Mbeki to try to end the unity-government deadlock.
Zimbabwe’s annual inflation raced to a record 231-million percent in July, up from 11,2-million percent the previous month.
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/ 27 September 2008
Zimbabwe’s MDC leader, Morgan Tsvangirai, said on Saturday it was "urgent" the country form a new government to ensure food supplies.
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/ 27 September 2008
Edith Tembo sits on the pavement outside a Zimbabwean bank, tired and dejected after waiting all night to withdraw money.
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/ 23 September 2008
Business executive Charlene Domwe shakes her head in disbelief on receiving the bill after hosting three friends for dinner at a local hotel.
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/ 16 September 2008
A power-sharing agreement between Zimbabwe’s main political rivals is unlikely to bring immediate economic relief to millions of Zimbabweans.
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/ 10 September 2008
Zimbabwe says it will license shops to sell goods in foreign currency, a sign authorities are losing the battle against a thriving black market.
Reeling from the highest inflation rate in the world, Zimbabweans have turned to a new money source: petrol coupons.
Zimbabwe will re-denominate its dollar by removing 10 zeros from August 1, central bank Governor Gideon Gono said on Wednesday.
Even for those who are not Robert Mugabe’s nearest and dearest will see shopping trips to Europe becoming something of the past.
Captains of industry are pinning their hopes on talks between Zimbabwe’s political rivals as a chance to stop the economic rot.
Zimbabwe’s official inflation rate has escalated to 2,2-million percent, driving the cost of a loaf of bread to about one-third of a teacher’s monthly salary.