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‘Zimdollars’ Issued for First Time in Ten Years Amidst Continued Hyperinflation

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The new Zimbabwe dollar has hit the streets, with banks beginning to issue the paper currency Tuesday. The ‘Zimdollar,’ existing earlier this year as coins, e-balances, the RTGS dollar, and bond notes, was returned to in June as a replacement for the Real Time Gross Settlement (RTGS) system implemented in February. While the development represents the currency’s return after 10 years of absence, hyperinflation continues to wrack the country, and many residents are unhappy with the ‘drip feed’ issuance system of much needed cash.

Also Read: ‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders

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