Currency Exchanges to Begin as Zimbabwean Dollar Dies

Zimbabweans will start exchanging "quadrillions" of local dollars for a few U.S. dollars next week as President Robert Mugabe's government discards its virtually worthless national currency, the central bank said Thursday. The southern African country started using foreign currencies like the U.S. dollar and South African rand in 2009 after the Zimbabwean dollar was ruined by hyperinflation, which hit 500 billion percent in 2008. At the height of Zimbabwe's economic...

© La Voix de l'Amérique - jeudi 11 juin 2015