Zimbabwe abandons 1:1 currency peg with the US dollar

HARARE – Zimbabwe has a long history of currency instability and in 2009 introduced the dollar, euro and rand as legal tender after a wild round of hyperinflation. In 2016, the central bank introduced the […]

HARARE – Zimbabwe has a long history of currency instability and in 2009 introduced the dollar, euro and rand as legal tender after a wild round of hyperinflation. In 2016, the central bank introduced the [...]