Juba, South Sudan | Xinhua | South Sudan’s central bank on Tuesday introduced a new banknote of 1,000 South Sudanese pounds (SSP) as the east African nation continues to struggle with hyperinflation amid a shortage of foreign reserves. Dier Tong Ngor, governor of the Bank of South Sudan, said the bank …
Read More »A year after Mnangagwa’s election, old woes haunt Zimbabwe
Harare, Zimbabwe | AFP | Langton Chiwocha chose Emmerson Mnangagwa among 23 candidates in Zimbabwe’s presidential elections a year ago. Today he says he deeply regrets his choice. “We had high expectations as many promises were made, but things have turned worse since the elections,” Chiwocha told AFP. “I wish I …
Read More »Zimbabwe ends foreign currency use as inflation spirals
Harare, Zimbabwe | AFP | Zimbabwe announced on Monday that it would abandon the use of foreign currencies which replaced the local dollar that was swiped out by hyperinflation ten years ago. The crisis-hit country is facing another bout of sharply rising prices, with official inflation now at nearly 100 per …
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