The government is preparing yet another round of currency reforms, President Emmerson Dambudzo Mnangagwa told Cabinet today.
The Zimdollar is down over 90% since last year and the USD now dominates over 80% of transactions due to the collapse of public confidence in the local currency.
Meanwhile, according to renowned American economic analyst Steve Hanke Zimbabwe’s currency is the weakest worldwide.
On 3 February 2024, Hanke said: “Today, I measure Zimbabwe’s inflation at 1,347%/yr..”
Zwnews
