Zimbabwe Now Imposes Capital Controls to Control Rapid Fall of Zimbabwe Dollar

Posted on 05/07/2022

Zimbabwe’s President Emmerson Mnangagwa implemented capital controls in a measure to control the Zimbabwean dollar’s rapid depreciation. The Zimbabwean dollar has lost half of its value this year making it Africa’s worst performing currency. In early 2019, Reserve Bank of Zimbabwe announced plans to bring back the Zimbabwe dollar as legal tender. The central bank…

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