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Zimbabwe supermarkets reject new bond notes currency as worthless

Harare – Zimbabwean supermarkets rejected the newly-introduced bond notes in early trade on Monday, despite banks offering the local currency to depositors and excitement on the streets of Harare. The Reserve Bank of Zimbabwe (RBZ) introduced the bond notes to the market on Monday and banks started distributing them through formal …

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As Zimbabwe’s money runs out, so does Mugabe’s power

HARARE: In Zimbabwe, where worthless $100 trillion notes serve as reminders of the perils of hyperinflation, President Robert Mugabe is printing a new currency that jeopardizes not just the economy but his own long grip on power. Six months ago, the 92-year-old announced plans to address chronic cash shortages by …

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#Zimbabwe President Mugabe’s Horrible Legacy

Summary Zimbabwe’s long-standing financial troubles seem to be coming to a head. Throughout its lengthy reign, the country’s government — led by President Robert Mugabe and his Zimbabwe African National Union-Patriotic Front (ZANU-PF) party — has bolstered its public sector to secure popular support and prevent the instability that rising …

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