Zimbabwe

Zimbabweans to use rands

2009-01-29 16:43

Special Report

Foreign investors lucky - Zim minister
Foreign investors lucky - Zim minister

Zimbabwe's new Indigenisation Minister Christopher Mushowe says foreign investors are "very lucky" to get 49% shares in businesses they have set up.

Harare - Zimbabweans will be allowed to conduct business in multiple currencies, alongside the Zimbabwean dollar, in an attempt to tackle soaring inflation, acting Finance Minister Patrick Chinamasa said on Thursday.

"In the hyper-inflationary environment characterising the economy, our people are now using multiple currencies alongside the Zimbabwean dollar. These include the (South African) rand, U.S. dollar, Botswana pula, euro and British pound among others," he said in a budget speech.

- Reuters

- Reuters

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