Zimbabwe Bans Use of US Dollar, Other Foreign Currencies in Shock Move
Zimbabwe has become synonymous in recent years with inflation. Its hyperinflationary crisis in 2009 was so bad that the Zimbabwean dollar was eventually abandoned when it reached an exchange rate of 35 quadrillion to one against the US dollar. Since that time Zimbabweans began to use foreign currencies in everyday transactions: South African rand, Zambian […]
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