© 2024 | Jefferson Public Radio
Southern Oregon University
1250 Siskiyou Blvd.
Ashland, OR 97520
541.552.6301 | 800.782.6191
a service of Southern Oregon University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Zimbabwe Prints Money To Ease Cash Shortage

Facing a cash shortage, Zimbabwe’s central bank governor John Mangudya announced Thursday that the bank will begin printing its own version of the U.S. dollar. Zimbabwe has already been using the U.S. dollar after abandoning its own currency in 2009 because of hyperinflation.

Now the bank will print bond notes that will have the same value as their U.S. dollar equivalents. Here & Now’s Jeremy Hobson speaks with economics journalist  Ali Velshi about what’s behind the change.

Guest

Copyright 2020 NPR. To see more, visit https://www.npr.org.