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Zimbabwe officials say the country’s annual inflation rate more than doubled from May to June, to more than 175%. Economists say multiple devaluations of Zimbabwe's struggling dollar led prices ...
The government is running a budget surplus for the first time in years and has stopped runaway money-printing, which led to hyperinflation of 500 billion percent in 2008.
HARARE (Reuters) - Zimbabwe’s central bank governor John Mangudya said on Monday the southern African nation will initially print 400 million Zimbabwe dollars, which will be gradually introduced in ...
Economic analysts say the government's budget is under pressure from spending to combat the coronavirus outbreak, which will force authorities to resort to printing money, stoking inflation further.
Hardly a decade ago excessive printing of money tanked the value of money in Zimbabwe and sent the economy into dizzy hyperinflation.
Many businesses at standstill Zimbabwe's money shortages, inflation and chronic shortages of food, gasoline, medicine and most basic goods have brought many businesses in Harare to a standstill.
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