Zimbabwean Banks Run Out Of Rands, Yuan And U.S Dollars

Zimbabwean Banks Run Out Of Rands, Yuan And U.S Dollars

Zimbabwe is experiencing serious shortages of the South African rand and Chinese yuan as the country attempted Monday to shift to these currencies to address the current critical shortages of cash, especially the United States dollar. Bank queues are now the order of the day in a nation with a fast declining economy due to subdued industrial production, low exports, lack of foreign direct investment and other issues. Several banks started dispensing the South African…

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