Tag Archives: local currency

Kampala, Uganda | THE INDEPENDENT | The government has finally embarked on the enforcement of the directive that compels public contracting entities to stop conducting public procurement and payment in foreign currencies. The directive exempts foreign missions that are allowed to use the currencies in the countries in which they …

Harare, Zimbabwe | AFP | Zimbabwe will re-introduce a local currency “in less than 12 months”, after using the US dollar and regional currencies since a hyperinflation crisis a decade ago, the finance minister said in an interview published on Saturday. President Emmerson Mnangagwa, who took over from long-time ruler Robert Mugabe and won a …