CARMEL RICKARD: Zimbabwe’s money-go-round in court
A Zimbabwean business is out of pocket after the supreme court ruled that a US dollar debt, paid at par in real-time gross settlement dollars, is justifiable
Like ordinary Zimbabweans, economists, the government and businesses struggle every day with that country’s currency problems. Even the courts have been drawn in to interpret related disputes.
Late last month, judges of Zimbabwe’s supreme court gave a decision dealing with a high court order issued in US dollars.