Economics

Zimbabwe Scraps Currency Peg Three Months After Introduction

Central bank to introduce auction-trading system on June 23
Introduction of peg strained central bank, Treasury relations

Zimbabwe Set For Cliffhanger In First Post-Mugabe Election — Photographer: Waldo Swiegers/Bloomberg

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

June 17, 2020 at 12:19 PM EDT

Updated on

June 18, 2020 at 8:32 AM EDT

This article is for subscribers only.

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

Zimbabwe’s central bank abandoned a currency peg it introduced in March and said it would allow the rate to be set by an auction system.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal