This country uses nine currencies-Flatimes

Tuesday, 1 March 2016

This country uses nine currencies


Zimbabwean business men and women have been forced into the role of foreign exchange dealers after the country's dollar collapsed and was withdrawn from circulation.

They'll trade in the U.S. dollar, Australian dollar, South African rand, Botswana pula, euro, British pound, Japanese yen, Chinese yuan and Indian rupee.

"Most currencies are for trading purposes," Reserve Bank Governor John Mangudya told CNNMoney. "50% of our trade is with China and South Africa so we need to allow trading in many currencies."

Read More: CNN