Central Bank of Zimbabwe

The U.S. public may be feeling a pinch of inflation’s rise, but it’s nothing compared to the stranglehold it has on Zimbabweans. On Saturday, the Zimbabwe’s Central Bank issued a new Z$100 billion banknote to try and combat the severe shortages of money. How much will the new note buy? According to CNN and BBC […]

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Zimbabwe’s Central Bank issued new banknotes, including Z$1 million, Z$5 million and Z$10 million dollar notes. Notes like the new 10 million were released into circulation to combat extreme shortages of money. Bags of cash are needed to purchase simple goods at stores and extreme waits at financial institutions are normal when withdrawing money. Zimbabwe is stricken […]

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