Tag: currency devaluation

  • Zimbabwe’s Central Bank Lifts Ban On Bank Lending Services

    Zimbabwe’s Central Bank Lifts Ban On Bank Lending Services

    Three years after Zimbabwe reintroduced its currency, a decade after abandoning it for mainly the United States dollar, the local currency’s value has declined from about 2.5 to the US dollar in 2019 to 285 to the US dollar on the interbank market. The Zimbabwean dollar trades even lower in black market at 400 to…