Why does Zimbabwe have a multi-currency system?

But a second-hand car businessman says the multi-currency system is an advantage for him."We have the option of using many currencies given different clients we deal with," the Zimbabwean businessman, based in Japan, says. read more

WHEN Zimbabwe adopted the multi-currency system in February 2009, the Zimbabwe dollar was officially discontinued. At the time of its introduction, the multi-currency regime was intended to be temporary, but, to this day, this system is still in use; ostensibly because it has been working well in a number of ways, including stabilising the economy. read more

It is because its currency - the Zimbabwean dollar- lost all of its value during the Zimbabwean hyperinflation that reached an estimated peak of 76 billion percent in 2008. read more