All NewsBusiness

Demonetisation clarified

All NewsBusiness

Demonetisation clarified

HARARE – The Reserve Bank of Zimbabwe’s $20 million demonetisation programme is aimed at “liquidating all Zimbabwe dollar balances” as at December 2008 and “not compensating speculators’ inflationary gains”. This comes amid rumblings about whether the minimum $5 payments — for the total Z$220 billion (revalued) balances — were not a “mockery” to legitimate account…

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