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Govt re-denominates IDBZ shares

HARARE – Government has approved the re-denomination of the Infrastructure Development Bank of Zimbabwe (IDBZ)’s shares to United States dollars from the defunct local currency. In 2009, the country abandoned its worthless Zimbabwe dollar (Z$) — ravaged by hyperinflation reaching 231 million percent — and adopted a multi-currency system, dominated by the greenback and South…

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