Latest Economy of Zimbabwe Stories
In 2009, the Reserve Bank of Zimbabwe introduced a new family of trillion Zim-dollar banknotes that went into circulation.
Zimbabwe's Finance Minister Tendai Biti told members of parliament that the country's currency was essentially dead. The death of the Zimbabwe dollar is a reality we have to live with, he said.
Zimbabwe's central bank said the country should adopt the South African rand to use in conjunction with the near-valueless Zimbabwe dollar, reports said. Reports of the bank's admission that the Zimbabwean dollar has collapsed come from those who have seen a 105-page recovery plan believed to be the work of Reserve Bank Gov.
Caledonia Mining Corporation ("Caledonia") (TSX: CAL)(OTCBB: CALVF)(AIM: CMCL) is pleased to announce its second quarter and half year 2008 operating and financial results. The financial results below are reported in Canadian dollars.
Text of report by Percy Zvomuya entitled "The big firms that prop up Zim" published by South African newspaper Mail & Guardian on 4 July The demand for full-blown sanctions against Zimbabwe grew louder this week with the announcement by a Munich-based company, Giesecke & Devrient, that it would stop supplying blank paper to make the country's bank notes after coming under pressure from the German government.
By Stella Mapenzauswa HARARE (Reuters) - Zimbabwe needs to import more grain to feed at least 2.2 million needy people who cannot fend for themselves until the new harvest next April, the official Herald newspaper reported on Wednesday.