Hyperinflation is back into the conversation among Zimbabwean consumers like it never left. Broadly speaking, inflation is when prices rise and the money in consumer pockets does not stretch as far as it used to. By Kudzanai Sharara According to Zimstat, annual inflation for the month of June 2022 stood at 191,6 percent, the highest…
The Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee (MPC) has agreed to increase the bank’s policy rate from 80 per cent to 200 per cent. Reads a statement by RBZ Governor John Mangudya:
Zimbabwe has introduced a new ZWL$100 note as inflation ravages the nation.
Announcing the new features of the dollar note in Statutory Instrument (SI) 68A of 2022, Finance Minisster Mthuli Ncube did not spell out the reasons for introducing the dollar note.
According to the Reserve Bank of.