The Adoption of a Multiple Currency System in Zimbabwe

Zimbabwe s hyperinflationary period, 2000 to February 2009 swept several businesses off foot. The movement from the Zimbabwean coins and notes through bearer cheques, electronic money transfers and barter trade to the adoption of a multiple currency system posed unique challenges to the business community. The thriving small scale traders activity throughout the period and their continued existence when the country adopted a multiple currency system in February 2009 reveals the sector s enduring resilience to macro-economic stresses and policy shifts.

Autorentext

The author, Onekai Kafuramika has a background in education and training. He holds an MBA, BSc Geography and Environmental Studies, Diploma in Training Management and a Diploma in Education. He is currently serving as a Provincial Estate Management Officer with the Ministry of Lands and Rural Resettlement in Zimbabwe.