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Tag: Hyperinflation

Tag Archives: Hyperinflation

13Nov/17

Think bitcoin’s getting expensive? Try Zimbabwe

November 13, 2017FinanceAlternative currencies, Bitcoin, Bitcoin Attackers, Blockchain, Blockchains, Country: Zimbabwe, Cryptocurrencies, Cryptography, Decentralization, Digital currencies, Economics of bitcoin, Economy, Finance, Financial technology, Harare, Hyperinflation, Legality of bitcoin by country or territory, Matthew Larotonda, Money, Zimbabwesmbale

With Zimbabwe under threat of cash shortages and hyperinflation, some are turning to highly-volatile cryptocurrencies like bitcoin as a safer haven for their money. Matthew Larotonda reports. Continue reading →

24Oct/16

Zimbabwe cash shortage brings back ‘bad memories’

October 24, 2016EconomyAfrica, African Development Bank, Alphonce Mbizwo, Balance of payments, Banknote, Business/Finance, Charles Saki, Countries, Country: Zimbabwe, Currency, Dollar, Economy, Faith Dheri, Geography of Africa, Gideon Gono, Harare, Hyperinflation, Hyperinflation in Zimbabwe, Inflation, International Monetary Fund, Nelson Banya, United Nations, United States dollar, Zimbabwesmbale

Zimbabwe’s fragile economic situation is lurching towards fresh depths amid indications that United States dollar denominations are disappearing from circulation. The development has triggered speculation of a conspiracy to wipe out US dollar notes to pave way for the planned introduction of bond notes, a local currency by the government. Last week Zimbabwe cleared its 15-year-old financial arrears with the International Monetary Fund, a first step towards a new IMF loan program for the cash-starved country.
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15Jun/15

Zimbabwean dollar ceases to be legal tender

June 15, 2015Economy$2, 1, Australian dollar, Christopher Mugaga, Currency, Dollar, EBay, Economy, Foreign exchange market, Harare, Hong Kong dollar, Hyperinflation, United States dollar, Zimbabwe, Zimbabwean dollarsmbale

The Zimbabwean dollar is demonetised as the country switches fully to using the U.S. dollar as its currency.

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