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Vol 47 No 17

Published 25th August 2006


Zapping the zeroes

Despite a chaotic currency change, its architect Gideon Gono remains the President's close ally

Reserve Bank Governor Gideon Gono has decided to slash three zeroes from the amount printed on currency notes and issue new notes in a bid to tackle the world's fastest shrinking economy with inflation at over 1,200 per cent and unemployment at 80 per cent. The deadline for exchanging the old notes was 21 August and as the chaos ensued, Gono quietly flew out of Harare to China.

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