Historical Events tagged with "south african rand"
Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.
Economics & Industry
Zimbabwe Ditches the Zimbabwean Dollar Currency
April 12th, 2009 15 years ago
Zimbabwe abandoned its local currency, the Zimbabwean dollar, due to hyperinflation that rendered it virtually worthless. The government announced in 2009 that henceforth, the country would use foreign currencies, particularly the U.S. dollar and South African rand, as legal tender. This decision marked a significant shift in Zimbabwe’s monetary policy and aimed to stabilize the economy, which had been devastated by inflation rates reaching an estimated 231 million percent.
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