Time To Digitize The Zimbabwe Dollar

Time to digitize the Zimbabwe dollar | Terence Zimwara       Zimbabwe is on the cusp of another cataclysmic currency collapse. Reports are spreading that merchants and foreign currency traders are now rejecting lower denomination banknotes. When Zimbabwe went through similar economic conditions between 2004 and 2008, lower denomination banknotes immediately made way for higher-value […]

With The New ZWL $10 Banknote Worth Just US$0.25, Is RBZ Serious?

Is RBZ Serious? | Terence Zimwara   The Reserve Bank of Zimbabwe (RBZ) last week came through with its promise to issue higher denominated banknotes, with the first of these, the ZWL$10, coming into circulation on last Tuesday. This follows a statutory instrument issued a week earlier which gave effect to the new banknotes. The […]