Mail & Guardian
Mail & Guardian
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President Emmerson Mnangagwa. (Mikhail Svetlov/Getty Images)
ECONOMY

A year after Mnangagwa’s election, old woes haunt Zimbabwe

Mnangagwa, 76, who took over from long-time autocrat Robert Mugabe, went into the July 30 2018 elections vowing to revive Zimbabwe’s sickly economy

  • Fanuel Jongwe Author
3 min read
In late 2016, the government introduced ‘bond notes’, a kind of bearer cheque designed to address a chronic shortage of physical US dollars in the country. (Reuters/Philimon Bulawayo)
HYPERINFLATION

Why no one’s buying the new Zimbabwean dollar

Currencies are based on trust, and trust is in short supply

  • Simon Allison
4 min read