The Government of Zimbabwe has decided to suspend the operation of the national currency - the Zimbabwean dollar, reported AFP. Government Decree legalized the existing practice, as the dollar virtually disappeared from circulation.
According to the Minister of the country's economy Elton Mangoma, Zimbabwean dollar will not be accepted for payment during the year, because its value is not guaranteed anything. "
In January 2009, the world record in the history of inflation in Zimbabwe has forced government authorities to take the unprecedented step - formally authorize the circulation in the country of foreign currencies. These included botsvaniyskaya pool, the South African rand, U.S. dollar, euro and British pound. As a result, the national currency has been unclaimed.
C mid-2008 the Government of Zimbabwe does not publish data on inflation in the country. According to recent data obtained in July 2009, prices rose to 231 million percent a year. Over the past two years, Zimbabwe's central bank cut in the national currency of 22 zero. The most high dignity is now has a 10-trillion banknote, but even it is not enough to buy loafs of bread.
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