Time : 2019-11-14 16:51:35
Điểm: 8/10
Zimbabwe officially put several new currencies into circulation

What was done by the Central Bank of Zimbabwe on Nov. 12 was to officially introduce several new dollar notes and coins into circulation for the purpose of alleviating the cash scarcity which is well-known for one of the top-ranking causes resulted in slowing down the development of this African nation's economy which is inherently sinking into a crisis.

Adding the new currency to the current unit of currency is made expectations to give a hand to increase the money supply for the market. Nevertheless, it is the Central Bank of Zimbabwe that also limits the amount of money got permission to draw out money from the bank of each inhabitant to no more than $ 18 per week.

In 2009, that the hyperinflation in Zimbabwe once accelerated to 500 billion percent made ZWD nearly out of value in reality and forced the government to give up its local currency as well as depend on USD and neighboring countries' currencies (South African rand). Even though the new currencies were officially put into circulation, the cash scarcity in Zimbabwe is on for the time being. Inhabitants have to queue up for hours in order to withdraw money.

Nhận xét của giáo viên :

Zimbabwe officially put several new currencies into circulation

What was done by the Central Bank of Zimbabwe on Nov. 12 was to officially introduce several new dollar notes and coins into circulation for the purpose of alleviating the cash scarcity which is dùng quá khứ đơn well-known for one of the top-ranking causes resulted in slowing down the development of this African nation's economy dùng mệnh đề quan hệ hoặc dạng rút gọn Ving which is inherently sinking dùng thể bị động into a crisis.

Adding the new currency to the current unit of currency is made expectations diễn đạt lại to give a hand to increase the money supply for the market. Nevertheless, it is the Central Bank of Zimbabwe that also limits the amount of money got permission to draw out money from the bank of each inhabitant to no more than $ 18 per week.

In 2009, that the hyperinflation in Zimbabwe once accelerated to 500 billion percent made ZWD nearly out of value in reality and forced the government to give up its local currency as well as depend on USD and neighboring countries' currencies (South African rand). Even though the new currencies were officially put into circulation, the cash scarcity in Zimbabwe is on for the time being. Inhabitants have to queue up for hours in order to withdraw money.

 

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