A man counts a wad of the new Zimbabwean ten-dollar notes. The country announced a sharp rise in the price of fuel last week following the launch of a foreign exchange auction system, which eroded the value of the local currency and caused inflation to surge. AFP
A man counts a wad of the new Zimbabwean ten-dollar notes. The country announced a sharp rise in the price of fuel last week following the launch of a foreign exchange auction system, which eroded theShow more

Economy

Zimbabwe stops stock exchange trading and mobile money transactions to stabilise currency

Inflation in the southern African nation is at 786% and its economy is forecast to shrink as much as 10% this year, according to the World Bank

Bloomberg

June 28, 2020