Director / Editor: Victor Teboul, Ph.D.

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New Zimbabwe Currency Gets Off to Rocky Start

Zimbabwe’s cash shortage problem appears to be far from over, despite the government issuing $10 million worth of "bond notes" that officially trade on par with the U.S. dollar. The new currency has already lost some value against the greenback. The female voice is an attendant at a gasoline station refusing to accept bond notes from a motorist. We don't know the security features of the new currency, she says; we are trying to clarify with the Reserve Bank of...

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