Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Economics

Topic updates

Zimbabwe's Nine Legal Tender Currencies

Geoff Riley

6th March 2016

Share this content:

After the disastrous hyperinflation of recent years, the old Zimbabwean currency was abolished in 2009. Now there are nine different currencies accepted as legal tender on the streets. Will the Chinese currency take hold as an accepted reserve currency in competition with the US dollar? There is a demand and liquidity crunch in the country with prices now falling and the absence of a local currency that might be used as part of monetary policy.

Share this content:

Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

You might also like

Currency Reform - Is Zimbabwe zigzagging into further currency chaos?

5th May 2024

With prices rising, are people turning back to cash?

8th August 2022

Covid-19 speeds up the decline of cash

19th January 2021

Cows, parmesan and the future of money

10th January 2019

How the magic money tree works

30th October 2017

De-Monetisation

Study Notes

Digital currencies see a new price boom

24th May 2017

Origins of Money - To replace taxes not barter

10th April 2017