ZIMBABWE NETZWERK e.V.

Can Zanu-PF afford another currency crash?

Simon Allison writes in New Zimbabwe: " NEWS ANALYSISThe collapse of Zimbabwe′s bond notes took longer than anyone expected.Introduced in November last year, the bond notes — pegged at 1:1 with the United States dollar and backed by a murky credit facility from the African Export-Import Bank — were widely predicted to fail within the first few months of their existence. Zimbabweans, it was thought, would flock instead to the relative safety of the US dollar, subjecting the new bond notes to the same hyperinflation that killed off the old Zimbabwean dollar.It didn′t quite happen that way. ...".