Mnangagwa defends Zimbabwe currency decision

Mnangagwa defends Zimbabwe currency decision

President Emmerson Mnangagwa said Tuesday that the country’s decision to return to a single Zimbabwean currency is part of a suite of decisions meant to stabilize the economy – but the abrupt decision to make other currencies illegal, effective immediately, has caught many off guard. Mnangagwa said the use of…

Mnangagwa, Mohadi try to calm Zimbabwe’s economic fears

Mnangagwa, Mohadi try to calm Zimbabwe’s economic fears

Zimbabwe’s deteriorating economic situation has led to another round of panic buying and price spikes on food, fuel and other necessities, with the government announcing price controls to try and curb the outcry. Vice President Kembo Mohadi said Tuesday that the government will enforce laws against hoarding supplies to inflate…