Zimbabwe’s President Looks to Putin Example in Bid to Revive Zim Dollar

Mnangagwa looks to Putin example in bid to revive floundering Zim $ 2nd May 2022By Bloomberg.com PRESIDENT Emmerson Mnangagwa, Zimbabwe’s President, is trying to imitate Russian President Vladimir Putin as he tries to revive Africa’s most underperforming currency. According to Persistence Gwanyanya (a Harare-based economist who is a member of the Reserve Bank of Zimbabwe’s Monetary Policy Committee), Mnangagwa’s government may announce plans to pay services in Zimbabwe dollars as soon as this week. This would be in response to U.S. sanctions on Zimbabwe for its economic mismanagement over the past two decades. Gwanyanya stated Sunday that there will be a…