This is a Zimbabwe news story, published by New Lines Magazine, that relates primarily to Epiphnia Mudehwe news.
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new Zimbabwe dollarNew Lines Magazine
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71% Informative
Epiphnia Mudehwe has seen it all: a strong Rhodesian dollar in colonial era, a highly sought-after Zimbabwe dollar in the 1980s after independence, the hyperinflation of 2008 , and now a new currency introduced in April .
Zimbabwe 's currency collapsed in November 1997 , caused by a combination of factors.
Mugabe inherited a flourishing economy from Ian Douglas Smith , a Briton who had been prime minister of Rhodesia from 1964 to 1979 .
Zimbabwe has tried to introduce a local currency since 2009 , when multicurrency system came into effect.
Market dumped the Zimbabwe dollar in favor of the U.S. dollar, forcing the government to adopt the latter as the main currency.
Zimbabweans have lost confidence in the local currency because of the central bank’s lack of consistency.
Zimbabwe 's new currency, ZiG , has been devalued by 43% on Sept 27 .
The rate on the black market has fallen to 24 ZiG to the dollar on the official market.
Zimbabwe has a national debt of around $22bn .
Zimbabwe owes over $14 billion to international creditors including the World Bank , according to the African Development Bank .
VR Score
79
Informative language
83
Neutral language
56
Article tone
informal
Language
English
Language complexity
50
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
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