Zimbabwean dollar


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Noun1.Zimbabwean dollar - the basic unit of money in Zimbabwe
dollar - the basic monetary unit in many countries; equal to 100 cents
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Since the collapse of the Zimbabwean dollar in a period of hyper-inflation (worthless souvenir billion-dollar notes can still be purchased by tourists), an event which wiped out the life savings of too many hard-working families, the official currency became the US Dollar, which at least brought with it some economic stability.
The investment came after Zimbabwe on Monday banned the use of foreign currencies in the southern African country, reintroducing its own currency, the RTGS, or Zimbabwean dollar.
class="font-size--16 MsoNormalZimbabwean President Emmerson Mnangagwa on Friday promised to introduce a new national currency, 10 years after hyperinflation rendered the Zimbabwean dollar worthless.
Locals are haunted by memories of the Zimbabwean dollar, which became worthless as hyperinflation spiralled to reach 500 billion percent in 2008, the highest rate in the world for a country not at war, wiping out pensions and savings.
In September, new finance minis- ter Mthuli Ncube said that the government was mulling three choices: adopting the US dollar only while liberalising exchange controls, joining the CMA, or adopting a new Zimbabwean dollar.
In September, new finance minister Mthuli Ncube said that the government was mulling three choices: adopting the US dollar only while liberalising exchange controls, joining the CMA, or adopting a new Zimbabwean dollar.
Zimbabweans are comparing it to the great inflation of 2008, when the Zimbabwean dollar became less valuable than the paper it was printed on -- bags full of 100-trillion-dollar notes were not enough to buy bread -- and peoples' pitifully small savings were wiped out.
The interviewees spoke of the unbearable economic hardships and the loss of purchasing power of the local Zimbabwean dollar currency and loss of jobs as the reason for exiting the country.
Definitely, there are other examples, including Zimbabwe, which printed trillions of banknotes of the Zimbabwean dollar years back, with one able to buy a kilogram of onions for a trillion "dollars" at the time.
That sounds like the Zimbabwean dollar from 2007 to 2009 in reverse.
The Zimbabwean dollar is as useless as the current South Sudanese Pound.