Zimbabwe�s multi-currency confusion

No Image

Once known for its billion dollar notes and hyper-inflation, Zimbabwe must be the only place in the world to have eight currencies as legal tender - none of them its own.

For the last five years most people have been using US dollars or South African rand, but pula from Botswana and British pound sterling have also been changing hands.

Now the central bank is also allowing the use of Australian dollars, Chinese yuan, Indian rupees and Japanese yen.

Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Have a Story? Send Us a tip
arrow up