Zimbabwe Devalues its Quasi-Currency in FX Regime Overhaul

Zimbabwe’s government dropped its insistence that a quasi-currency known as bond notes trades at par with the dollar as it overhauled foreign-exchange trading and effectively devalued the securities. The measures are a step toward trying […]

Zimbabwe’s government dropped its insistence that a quasi-currency known as bond notes trades at par with the dollar as it overhauled foreign-exchange trading and effectively devalued the securities. The measures are a step toward trying [...]