Zimbabwe dismisses reports of new currency as economic crisis heightens
Zimbabwe’s government was on Monday denied reports that it may introduce a new currency this week, amid fears that such a move would worsen the country’s economic crisis. Zimbabwe has been without a currency of its own since 2008 when the government ditched the infamous Zimbabwean dollar amid crippling hyperinflation. The highest denominated banknote was Z$100 trillion at the time. In a tweet on its official account, the ministry of information, publicity and broadcasting services denied that there were plans to introduce a new currency.
“Government has noted with concern falsehoods coming from some political quarters claiming that Zimbabwe will issue new currency next week. This needs to be dismissed with the contempt it deserves. This has no base in fact or reality. It's unfounded Fake News.” The Reserve Bank of Zimbabwe (RBZ) also tweeted: “The RBZ would like to urge members of the public to dismiss, with utmost contempt, claims being circulated on social media regarding th...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.