Zimbabwe economy is fast deteriorating. Formerly
Zimbabwe economy was one of the strongest economy among the African nations. Though
Zimbabwe is rich in organic minerals like coal, copper, nickel, asbestos, chromite and iron ore yet
Zimbabwe is witnessing a rapid fall in the field of
economy.
Zimbabwe's rich mineral ore has been earning huge amount of foreign currency, which kept the
Zimbabwe economy going. But the political and social disturbances within
Zimbabwe has greatly affected the
Zimbabwe economy. The land reform policies introduced by the Robert Mugabe led to great unrest among the population. Besides the rate of inflation is rising day by day resulting in the highest inflation in the world.
By
Zimbabwe economy we understand
Zimbabwe currency,
Zimbabwe bank and
Zimbabwe real estates. The unit of
Zimbabwe currency is termed as
Zimbabwe dollar, which is being divided into hundred cents. The denominations of
Zimbabwe currency notes are Z$ 100, 50, 500, 20, 5 and 2. The coins have denominations of Z$ 5, 2, 1 and 50, 20, 10 ,5 and 1 cents.
Zimbabwe bank and stock exchange is one of the main infrastructure of the
Zimbabwe economy. The Reserve Bank of
Zimbabwe is the highest banking authority in
Zimbabwe. To name a few other
Zimbabwe banks:
- Standard Chartered Bank, Harare
- Zimbabwe Banking Corporation, Harare
- Meridien International Bank, Harare
- Barclays Bank of Zimbabwe, Harare
Zimbabwe real estates also offers attractive offers to the visitors who are lured with the beauty and moderate climate of the
Zimbabwe.
In recent times
Zimbabwe economy is undergoing a rapid change in the economic field. The inflation rate is steering the country's
economy to its end.
