Zimbabwe's merry-go-round finance measures fail to cheer up economy - News24


7/1/2022 12:00:00 AM2 years 10 months ago
by Memory Mataranyika

New gold coins, an interest rate at 200% - among the highest in the world – and jotting down the legal currency status for US dollars into law are all part of the latest money merry-go-round finance measures put in place by Zimbabwe to try to attract investor…

  • Zimbabwe's battered economy is still struggling. 
  • The interest rate is at a staggering 200% and public service wages have been hiked by as much as 100%.
  • The government has int… [+4611 chars]

    full article...