Economy of Zimbabwe - The Government of National Unity

The Government of National Unity

By the start of the 2009 the situation had been catastrophic for some time. The three parlamental parties agreed on a Government of National Unity. Despite serious internal differences this government made some important decisions that improved the general economic situation, first of all the suspension of the national currency, the Zimbabwean Dollar in April 2009. That stopped hyperinflation and made normal forms of business possible again, by using foreign currency such as the US American Dollar, the South African Rand, the EUs Euro or the Botswana Pula. The finance minister Tendai Biti (MDC-T) tries to hold a disciplined budget. Zimbabwe recorded in 2009 an economic growth for the first time in a decade.

Read more about this topic:  Economy Of Zimbabwe

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