Zimbabwe rolls out new currency amid cash shortages

Published
Zimbabwean banks on Tuesday began issuing new notes and coins aimed at easing severe cash shortages, but they are severely limiting the amounts that people can withdraw.

“What can I do with such a pittance?” asked Shorai Tomu after withdrawing the equivalent of about $5. “It can only buy five loaves of bread.”

The new notes are the latest currency reform in the troubled southern African country’s constantly changing, and at times confusing, monetary framework.

Zimbabwe now has the world’s sec…
READ MORE : http://www.africanews.com/2019/11/11/zimbabwe-rolls-out-new-currency-amid-cash-shortages

Africanews on YouTube brings you a daily dose of news, produced and realised in Africa, by and for Africans.
Africanews is the first pan-African multilingual media outlet, unique in its concept and vision.
Subscribe on our Youtube channel https://www.youtube.com/c/africanews and receive all the latest news from the continent.

Africanews is available in English and French.
Website : www.africanews.com
Facebook : https://www.facebook.com/africanews.channel/
Twitter : https://twitter.com/africanews
Category
Zimbabwe
Tags
zimbabwe, currency, cash, shortages, economy