Hyperinflation kills off Zimbabwe dollar
1:55
Hyperinflation kills off Zimbabwe dollar
Jun 16, 2015
NY TimesThe New York Times
ZiG annual inflation rate falling into single digits, hitting 4.1% in January for the first time since 1997. US dollar inflation slowed, dropping to 1% in January. 🎙Rufaro's take: 80% to 90% of the economy uses US dollars; ZiG is a small part of the economy. It's better that US dollar inflation is dropping. 🎙Tinashe's question: But the interest rate on ZiG is 35%. Why is that not coming down? 🚨 The downside of high 35% interest rates for business. 🚩lt makes borrowing very costly for business
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175 Quadrillion Zimbabwean Dollars Are Worth $5
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Bloomberg.comGodfrey Marawanyika and Paul Wallace
Zimbabwe's currency faces a turbulent ride with a devaluation of nearly 14% in the weekly Central Bank auction. This is in line with the government's push for reforms in the foreign exchange market. Watch more: wionews.com/videos | WION
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Zimbabwe dollar takes a plunge
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wionews.com
The Zimbabwean government is seeking to restore the Zimbabwean dollar as a stand-alone currency in five years phasing out the heavy reliance on the U.S. dollar, which makes doing business in the country difficult and exports uncompetitive. | CGTN Africa
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