Mnangagwa explains why Zimbabwe did not adopt the rand

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Zimbabwe recently introduced a new currency.

File: President Cyril Ramaphosa meets with Zimbabwe President Emmerson Mnangagwa on the margins of the second day of the 32nd Ordinary Session of the Assembly of African in Ethiopia.

In 2016, the country tried to tackle the chronic shortage of US banknotes by introducing a parallel token currency called"bond notes", which was meant to be worth the same as a US dollar. But the bond notes were in reality worth less than the green back.

 

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Of course, the short of it is that the country did not qualify.

PresJGZuma we r sorry papa we did not listen

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