Tag: Zimbabwe currency

Despite the soaring use of the U.S. dollar across the country’s economy, Zimbabwe doesn’t intend to move away from its local Zimbabwean dollar. This was confirmed by Zimbabwe’s minister of finance Mthuli Ncube in a recent interview with Bloomberg. Ncube acknowledged that the U.S. dollar...

Zimbabwe is getting creative in its attempts to deal with the soaring inflation. The South African country will start issuing gold coins as a "store of value," hoping that the move could ease some of its economic challenges. The action could also return some...