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‘Multi-currency ban averted catastrophe’

ZIMBABWE’S shock move to abolish the multi-currency system last week helped the country avoid a potential “catastrophe”, businessman Shingi Munyeza has said. The southern African country last week gazetted Statutory Instrument 142 of 2019, which outlawed the multi-currency regime and re-introduced the local dollar that was demonitised in 2008 after reaching astronomical levels of hyperinflation….

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