Zimbabwe’s President to Copy Russia’s Currency Strategy

‘West met their match in Putin.’ Zim president to copy Russia’s currency strategy Ray Ndlovu02 May Zimbabwe’s President Emmerson Mnangagwa is trying to emulate Russian President Vladimir Putin in his attempt to revive Africa’s worst performing currency. Mnangagwa’s administration may announce plans as early as this week for government departments in Zimbabwe — under US sanctions for economic mismanagement and human rights violations for the past two decades — to show “high preference” for the Zimbabwe dollar in the payment of services, according to Persistence Gwanyanya, a Harare-based economist and member of the Reserve Bank of Zimbabwe’s Monetary Policy Committee. …