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Definition of Optimism

Posted by ipso facto @ 10:39 on November 12, 2019  

Zimbabwe dollar notes issued for first time in a decade

Queues have formed outside banks in Zimbabwe as people hope to get hold of the country’s first Zimbabwe dollar notes to be issued since 2009.

The currency was scrapped a decade ago because of hyperinflation when prices were almost doubling every day.

Zimbabwe’s central bank hopes the new notes will ease a severe cash shortage as the country suffers a deepening economic crisis.

The bank has played down fears that the move will fuel further inflation.

Currently inflation is thought to be about 300%.

https://www.bbc.com/news/world-africa-50374402

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.