Free article preview  

'There will be no immediate plans to [re]introduce the money because there is nothing to support and hold its value,' said Economic Planning and Development Minister Elton Mangoma. In reality, the Zimbabwe dollar ceased to be a currency months ago, as its buying power shrank by 50% each day. By eliminating it, the government also hoped to eliminate illegal operators, such as the money changers who charge extortionate rates....

(This article contains approximately 241 words)

end of free article preview

Current subscribers: log in now to read the complete article. Misplaced your password? Then click here for a password reminder.

Not a subscriber? Then you can read this article in full either by becoming a subscriber now, for 3, 6 or 12 months, or you can buy this individual article.

  • Subscribe to Africa Confidential:
  • Buy this article:
  • 3-month subscription
    Prices from £205.00 (+ VAT where applicable)
    6-month subscription
    Prices from £376.00 (+ VAT where applicable)
    12-month subscription
    Prices from £705.00 (+ VAT where applicable)
  • UK & European Union
    £17.00 (+ VAT where applicable)
    Rest of the world
    $27.00

  • If you have a print subscription already, click here for a password that gives you full access to the website.
  • If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.

Keywords:

Elton Mangoma, Tendai Biti, Gideon Gono, Africa Confidential

Tag Cloud:

africa(2) credit(2) currency(2) gono(2) inflation(2) lines(2) minister(2)