U.S. Treasury Department, 2012

Zimbabwe’s new coalition Government has decided to withdraw the country’s worthless currency from circulation for at least a year and rely exclusively on other hard currencies.Economic Planning Minister Elton Mangoma has been quoted in the state-controlled Sunday Mail newspaper as saying the Zimbabwe dollar, whose value was sent crashing by an official policy of the former regime of President Robert Mugabe to print huge volumes of cash to keep up with state spending, ”will be out at least for a year”.

”We resolved there will be no immediate plans to introduce the money because there is nothing to support its value,” he said.


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