Zimbabwe's finance minister has stated that the Zimbabwean dollar
is unlikely to return in the near future.
Zimbabwe later moved towards being officially a multicurrency economy, with the Zimbabwean dollar
alongside the US dollar and the South African rand.
The pressure on the Zimbabwean dollar
continued to build as Zimbabwe's foreign reserves dropped to dangerously low levels.
Meanwhile, because of the complete collapse of the Zimbabwean dollar
, Tsvangirai has made the decision to start paying the country's soldiers and other government workers in U.
The official exchange rate for the Zimbabwean dollar
is 250 ZWD for one U.
The problem is the revaluation of the Zimbabwean dollar
The fresh diplomatic blow to the southern African country, where millions face food shortages and the economy is crumbling, came as dealers reported a sharp slide in the Zimbabwean Dollar
on the flourishing black market.
In 2010 the degree of stability provided by the functional unity government and the ongoing consumer spending kick provided by the overdue dropping of the Zimbabwean dollar
in 2009 continued to play out.
The bank said that it would assume the lender of last resort function this month, a role that it last played during the country's hyper inflationary period in 2008, and when the Zimbabwean dollar
was still in use.
Agyemang doggedly trailed Mugabe through the time of sanctions, an election, hyperinflation and the replacement of the Zimbabwean dollar
with a basket of currencies, food shortages and both media and economic wars.
Given the state of the Zimbabwean dollar
, Tsvangirai said the nation is expanding
So grateful was he for my ten-dollar note, he presented me with a Zimbabwean dollar
coin, so worthless that even the country's poor can afford to give it away.