Africa : Robert Mugabe may revive Zimbabwe dollar
on 2009/6/29 21:14:57
Africa

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President Robert Mugabe said he may revive the Zimbabwe dollar because the US dollar is unavailable to a majority of people.
Mr Mugabe allowed the use of multiple foreign currencies in January to stem hyperinflation of over 230 million per cent which left the Zimbabwe dollar almost worthless.
This situation has caused untold suffering because rural people have no access to the dollars and South African rands circulating in towns.
The state Herald newspaper said Mr Mugabe's new unity government with rival Morgan Tsvangirai was battling to ease economic hardships, but added that Zimbabwe could not have a system where rural people were forced to trade their livestock.
His comments contradict those of economic planning minister Elton Mangoma who told a mining investment conference in London on Tuesday that Harare had no plans to move away from the US dollar until southern Africa adopted a regional currency.

http://news.uk.msn.com/world/article.aspx?cp-documentid=148190598

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