Tag: Botswana

The easing and ending of the Zimbabwe dollar

Friday, 14 September, 2012

When Zimbabwe achieved independence from Britain in April 1980, its revolutionary rulers decided to replace the Rhodesian dollar with the new Zimbabwe dollar (ZWD) at par and it was valued at US$1.54. But tyranny and turmoil soon replaced law and order as the “comrades” warmed to statism and inflation inevitably followed. By 2007, the ruin […]

Continue Reading »