Zimbabwe takes a step towards fiscal reality
Zimbabwe’s central bank is considering devaluing its quasi-currency as part of a raft of reforms to the nation’s foreign-exchange system, according to a central bank official.
Zimbabwe’s central bank is considering devaluing its quasi-currency as part of a raft of reforms to the nation’s foreign-exchange system, according to a central bank official.
Not having a currency of its own hasn’t stopped Zimbabwe from sliding into a currency crisis.
Zimbabwe’s markets have been roiled after a tax increase last week triggered panic buying of gasoline and spurred individuals to turn to equities.
Four and a half months after the army made Robert Mugabe resign and enabled Emmerson Mnangagwa to take over as President, the infatuation of the nation has worn off, says Cathy Buckle.
President Mugabe recently gave his annual State of the Nation Address and Cathy Buckle couldn’t help but wonder if they live in the same country.
As Zimbabweans struggle to cope with this latest crisis there is only one prevailing question: Where has all the money gone?