Zim banks to import foreign cash

Fri, 20 Feb 2009 10:53:00 +0200

Zimbabwe's central bank has ordered banks to start importing foreign currency from their nostro accounts as banks began grappling with increasing demand for foreign cash, bankers said. A nostro account is a bank account established in a foreign country for the purpose of holding that country's currency.
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Inflation at 6.5 quindecillion novemdecillion percent

Thu, 22 Jan 2009 07:21:00 +0200

The Zimbabwe dollar now seems to have lost all its appeal, and calls for the adoption of a foreign currency to replace the struggling monetary unit and put an end to the country's crippling hyperinflation are becoming louder.
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the Banking & Finance community of Zimbabwe

Zim banks to import foreign cash

Inflation at 6.5 quindecillion novemdecillion percent