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Has yuan become Russia's new dollar?
Russia could use the Chinese yuan to bypass the crippling sanctions and SWIFT payment ban imposed by the US and its allies.One rouble now buys less than one US cent, causing ordinary Russians ...Published: 10 Mar 2022 at 05:49hrs | 4 | by Staff reporter
Mthuli Ncube has a plan, but is it gobbledegook?
Zimbabwean finance minister Mthuli Ncube has laid out a plan to end the nation's two-decade stand-off with international creditors and has dismissed rapidly accelerating inflation as "wage compression...Published: 17 Aug 2019 at 11:08hrs | | by Bloomberg News
Zimbabwe reaches 'tipping point'
ZIMBABWE'S Finance minister Mthuli Ncube responded to the country's worsening economic crisis last week by blacking out inflation statistics for the next six months, boosting the price of the little p...Published: 10 Aug 2019 at 11:47hrs | 4 | by Antony Sguazzin, Prinesha Naidoo and Ray Ndlovu
Failure to deal with currency crisis proving costly for dictators
For autocratic leaders seeking lessons from the toppling of Sudanese President Omar al-Bashir, avoiding a currency crisis may be key to survival.It's the same problem that ravaged long-standin...Published: 16 Apr 2019 at 06:54hrs | 1 | by Bloomberg
Zimbabwe's new currency, a maxi-devaluation
Until February 20, Zimbabwe produced a quasi-currency. It was dubbed a "Zollar". On February 20, the quasi-currency became Zimbabwe's official currency. This new currency is called RTGS dollars and co...Published: 08 Mar 2019 at 07:13hrs | 12 | by Steve H Hanke
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