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Zimbabwe Leader Wants New Currency, IMF Loan in Revival Bid

  • Government will also consider selling a Eurobond next year
  • Country struggling to emerge from years of economic collapse
Emmerson Mnangagwa
Emmerson MnangagwaBloomberg
Updated on

Zimbabwean President Emmerson Mnangagwa and his finance chief want a new currency by March, would seek financing from the International Monetary Fund and may even consider a Eurobond offering as the struggling economy emerges from almost two decades of isolation.

The introduction of a new currency is crucial to his efforts to revive the economy, said Mnangagwa, who secured a five-year term in July elections after the military deposed Robert Mugabe in 2017.