The End Of The Zim Dollar Now Official
U.S. dollars next week, as President Robert Mugabe's government discards its virtually worthless national currency, the central bank said on Thursday.
The southern African country started using foreign currencies like the U.S. dollar and South African rand in 2009 after the Zimbabwean dollar was ruined by hyper-inflation, which hit 500 billion percent in 2008.
At the height of Zimbabwe's economic crisis in 2008, Zimbabweans had to carry plastic bags bulging with bank notes to buy basic goods
US dollar value equal to 35 million Zimbabwe dollars
Friday June 12, 2015 10:44
Zimbabwe's government announced that the owners of the local dollar, which has been suspended by the years since, they can convert their assets into US dollars, so that the latter is equal to 35 million dollars, "quadrillion" Zimbabwe dollars.
Zimbabwean government is seeking to fight inflation is unprecedented that hit the country a few years ago, and in 2009 decided to suspend the deal local