Zimbabwean dollar

By IndepthAfrica
In Article
Apr 19th, 2013
0 Comments
135 Views
Today is Zimbabwe’s Independence Day. Yes, on 18th April 1980, Zimbabwe gained it’s independence from British rule…whatever that means. But anyway, to celebrate our 33rd birthday, I figured it would only be fitting if I shared a few fun facts about my beautiful motherland. So here are 10 fun facts ab...
By IndepthAfrica
In Article
Feb 1st, 2013
0 Comments
75 Views
Zimbabwe is broke after defaulting on its debt obligations and effectively cutting off its access to new capital. Note the word here is ‘broke’ as opposed to ‘bankrupt’, which is used in reference to companies that have to sell their assets to pay liabilities and distribute whatever little is left to...
By IndepthAfrica
In Southern Africa
Jan 30th, 2013
0 Comments
34 Views
Atlantic There are cash-strapped governments, and there are broke governments. And then there’s Zimbabwe, which, after paying last week’s government salaries, has just $217 in the bank. No, we didn’t forget any zeroes to the end of that figure. Zimbabwe, the country that’s hom...
By IndepthAfrica
In Southern Africa
Jan 11th, 2013
0 Comments
28 Views
The inauguration of the so-called Government of National Unity following the signing of the Global Political Agreement resulted, inter alia, in the stabilisation of our national economy, reduction in political polarisation, and the fostering of efforts aimed at resolving the national crisis that had ...
By benim
In News
Oct 8th, 2011
0 Comments
25 Views
Harare – The Zimbabwean government would need $54bn to compensate people who lost their savings when the country abolished its own currency two years ago, a state-owned newspaper reported Saturday. The Herald quoted Finance Minister Tendai Biti saying the huge figure would “choke” t...
By benim
In Business
May 11th, 2011
0 Comments
25 Views
A 100-trillion-dollar bill, it turns out, is worth about $5. [ZIMDLR] Associated Press A man in Harare, Zimbabwe, carried cash for groceries in 2008. That’s the going rate for Zimbabwe’s highest denomination note, the biggest ever produced for legal tender—and a national symbol of monetar...