Zimbabwe brings back foreign currencies ahead of coronavirus lockdown - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Zimbabwe brings back foreign currencies ahead of coronavirus lockdown

The central bank on Thursday said it would allow Zimbabweans to use foreign currencies as part of measures to deal with the effects of the coronavirus epidemic.legalized the use of foreign currencies in domestic transactions on Sunday, less than a year after abandoning dollar, as the country readies for a 21-day lockdown to prevent the spread of coronavirus, starting at midnight.

On Sunday, the government published new exchange control regulations making it legal for Zimbabweans to use electronic and cash foreign currencies when buying local goods. Economic analysts say the move will further weaken the Zimbabwe dollar, which has lost more than half its value since it was brought back last June, ending a decade of dollarisation that helped stabilize the economy.

 

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The people in Africa are suffering because these Governments cant work together and don't trust each other Zimbabwe should join the common currency union!

They should have listened to Tendai Biti a long time ago

Now you must just bring back all your people form south Africa then you sorted

They are crazy! They want to loot all the USD now so they can get treated or buy medical equipment for themselves!!! I pray people in Zim never to use the USD and keep using Bonds mxxxm Useless government

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