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Zimbabwe Makes US Dollar Legal Tender

Inflation rate of 11M% makes local currency largely worthless

By Jason Farago, Newser Staff

Posted Sep 26, 2008 7:49 AM CDT

(Newser) – The government of Zimbabwe will allow consumers and shops to deal in American and South African currency as an 11 million percent inflation rate continues to pummel the nearly worthless Zimbabwean dollar. Cash remains in short supply in Zimbabwe, and on a flourishing black market... Read full story »

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Zimbabwe Makes US Dollar Legal Tender

Inflation rate of 11M% makes local currency largely worthless

inflation • Zimbabwe • US dollar • hyper-inflation

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More Newser Stories

Zimbabwe Central Bank Stole Cash to Stay Solvent

Governor admits pilfering private accounts to keep ministries running

Zimbabwe Launches $100B Bill

Note likely to prove ineffectual against hyperinflation

Paper Co. Cuts Off Supply of Zimbabwe's Bank Notes

Secretive German firm caves to pressure

Price Cuts Ruin Zimbabwe's Economy

Mugabe's radical 'solution' to spiraling inflation backfires

China: Feeble Dollar Is Hurting Our Economy

'Out of control' printing of dollars is triggering inflation, says minister

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