* * *
By MacDonald Dzirutwe Bloomberg News Saturday, January 12, 2019
HARARE, Zimbabwe -- Zimbabwe will introduce a new currency in the next 12 months, the country's finance minister said, as a shortage of U.S. dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest.
But without enough hard currency to back up the $10 billion of electronic funds trapped in local bank accounts, businesses and civil servants are demanding payment in cash which can be deposited and used to make payments both inside and outside the country. ...
... For the remainder of the report:
https://af.reuters.com/article/commoditiesNews/idAFL8N1ZC056 * * *
