Zimbabwe: the abolition of the national currency

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Zimbabwe: the abolition of the national currency

Post  Admin on Sun Jun 14, 2015 9:54 am

June 14, 2015 9:51

Direct: Select the Central Bank of Zimbabwe US ​​dollar and thirty five quadrillion - that is 35 million Zimbabwe dollars Milir- price allowing sellers and owners of bank accounts dating back to before 2009 to transfer their money to the US currency.

According to the European Commission site, the central government's policy applies seeking to overturn this currency. It was giving them until September to convert their money, which has become for some of them memorial papers.

The government has suspended dealing in the national currency, in 2009, in order to combat inflation, which hit the country years ago. And it imposed dealing in US dollars or South African rand.

In that period the price of a US Cent Zimbabwe to five hundred billion dollars. And shop and buy their basic needs, it was on the population that carry
Bags full of cash securities, which have no value. As prices were also multiply like crazy.



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