The Reserve BankSee Central bank. More stopped issuing Zimbabwean dollars in 2009, following a period of hyperinflation. The currencyThe money used in a particular country at a particular time, like dollar, yen, euro, etc., consisting of banknotes and coins, that does not require endorsement as a medium of exchange. More was demonetised in 2015.
A basket of currencies including the South African rand, the Botswana pula, the British pound, the Indian rupee, the euroThe name of the European single currency adopted by the European Council at the meeting held in Madrid on 15-16 December 1995. See ECU. More, the Japanese yen, Australian and US dollars and the Chinese yuan are now used for transactional purposes. In 2014, the RBZ introduced bond coins on par with United States cents but are only for local use. These coins were aimed at solving the problem of changeThis is the action by which certain banknotes and/or coins are exchanged for the same amount in banknotes/coins of a different face value, or unit value. See Exchange. More in most shops where customers were being forced to accept sweets, matches or ballpoint pens because of a shortage of the smaller denominations.
The bank is being taken to the constitutional court on the grounds that it has failed to maintain the stability of the Zimbabwean dollarMonetary unit of the United States of America, and a number of other countries e.g. Australia, Canada and New Zealand. More.
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