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, a

To continue reading...

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 indvidual account here: