Cash riots feared as Zimbabwe runs out of banknote

- Central Banking staff
- 22 Jul 2003

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Business leaders have warned of cash riots in Zimbabwe if the continued banknote shortage pushes black market prices up any higher. Finance Minister Herbert Murerwa announced the introduction of a Z$1 000 note, just days after Zimbabwe's official inflation rate of 364.5% was published.

Source: Cape Times

The growing shortage of banknotes in Zimbabwe has pushed the black market price of Zimbabwe dollar notes up to as much as 30% above their face value in Harare - and up to 100% in some rural areas

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