Zimbabwe to print own version of US dollar

Posted on:06 May 2016 14:11:37
Zimbabwe to print own version of US dollar
06 May 2016 Current Affairs: Zimbabwe is all set to introduce its own version of US dollars in order to ease a cash shortage in the country. The governor of the Reserve Bank of Zimbabwe, John Mangudya has stated that the bank will introduce the note of $2, $5, $10, and $20, which will hold the same value as their US dollar counterparts.

Earlier in 2009, Zimbabwe introduced the US dollar after ditching its own currency following sustained hyperinflation. Since then Zimbabweans have been using the dollar. The new notes will come in circulation within the next two months. 

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