Zimbabwe’s Currency

Zimbabwe’s government for the first time acknowledged the severe problems faced by the country’s local currency.

Harare’s finance minister released the country’s new budget proposal denominated in U.S. dollars in a move SW Radio Africa says will officially pave the way for the disappearance of the Zimbabwean dollar, which has suffered from severe hyperinflation.

Meanwhile, the BBC reports South African officials have said Zimbabwe’s opposition party will agree to endorse a deal for a power-sharing government. Officially, the party has yet to endorse the deal.

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