Zimbabwe: Zimbabwe suspends own currency

Zimbabwe is suspending the use of its own currency, as the government tries to rebuild the country's shattered economy.

State media Sunday quoted Economic Planning Minister Elton Mangoma as saying the Zimbabwean dollar "will be out for at least a year" because, in his words, "there is nothing to support and hold its value."

Critics blame the situation on the policies of President Robert Mugabe, especially the seizure of white-owned commercial farms.

Published by Mike Hitchen, Mike Hitchen Consulting
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