You are here: Home » PTI Stories » National » News
Business Standard

Zimbabwe police disperse protesters rejecting new currency

AP  |  Harare 

Zimbabwe police fired tear gas and water cannons to disperse scores of activists protesting the introduction of a new currency in the capital, Harare.

Protesters carried placards today and chanted slogans denouncing the new currency, called bond notes, which they fear will become worthless because of economic mismanagement by President Robert Mugabe's government.



"No to fake money," read one poster.

People waiting in line at banks to get in downtown Harare scurried for cover from the tear gas and blasts of water.

The economically troubled southern African country introduced the bond notes on Monday, the first time Zimbabwe had its own currency since 2009, when hyperinflation reached 500 billion per cent, according to the International Monetary Fund.

At that time there were 100 trillion dollar notes in circulation.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Zimbabwe police disperse protesters rejecting new currency

Zimbabwe police fired tear gas and water cannons to disperse scores of activists protesting the introduction of a new currency in the capital, Harare. Protesters carried placards today and chanted slogans denouncing the new currency, called bond notes, which they fear will become worthless because of economic mismanagement by President Robert Mugabe's government. "No to fake money," read one poster. People waiting in line at banks to get cash in downtown Harare scurried for cover from the tear gas and blasts of water. The economically troubled southern African country introduced the bond notes on Monday, the first time Zimbabwe had its own currency since 2009, when hyperinflation reached 500 billion per cent, according to the International Monetary Fund. At that time there were 100 trillion dollar notes in circulation. Zimbabwe police fired tear gas and water cannons to disperse scores of activists protesting the introduction of a new currency in the capital, Harare.

Protesters carried placards today and chanted slogans denouncing the new currency, called bond notes, which they fear will become worthless because of economic mismanagement by President Robert Mugabe's government.

"No to fake money," read one poster.

People waiting in line at banks to get in downtown Harare scurried for cover from the tear gas and blasts of water.

The economically troubled southern African country introduced the bond notes on Monday, the first time Zimbabwe had its own currency since 2009, when hyperinflation reached 500 billion per cent, according to the International Monetary Fund.

At that time there were 100 trillion dollar notes in circulation.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Zimbabwe police disperse protesters rejecting new currency

Zimbabwe police fired tear gas and water cannons to disperse scores of activists protesting the introduction of a new currency in the capital, Harare.

Protesters carried placards today and chanted slogans denouncing the new currency, called bond notes, which they fear will become worthless because of economic mismanagement by President Robert Mugabe's government.

"No to fake money," read one poster.

People waiting in line at banks to get in downtown Harare scurried for cover from the tear gas and blasts of water.

The economically troubled southern African country introduced the bond notes on Monday, the first time Zimbabwe had its own currency since 2009, when hyperinflation reached 500 billion per cent, according to the International Monetary Fund.

At that time there were 100 trillion dollar notes in circulation.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard