Zimbabwe rolls out new currency amid cash shortages

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Published Nov 14, 2019

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…
http://www.africanews.com/2019/11/11/zimbabwe-rolls-out-new-currency-amid-cash-shortages

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