Central Banking

Zimbabwe lops zeros off currency, again

The Reserve Bank of Zimbabwe has chopped 12 zeroes off the Zimbabwean dollar in its latest attempt to curb hyperinflation.

The news comes days after Harare acknowledged that Zimbabwean were using foreign currencies to buy goods and sanctioned such transactions.

Gideon Gono, the governor of the Reserve Bank, said on Monday that the central bank would revalue the currency so that a Z$1bill was worth the same as a Z$1,000,000,000,000 note.

Patrick Chinamasa, Zimbabwe's acting finance minister

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.