Zimbabwe opens up to multiple currencies

HARARE Thu Jan 29, 2009 9:13am EST

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HARARE (Reuters) - Zimbabweans will be allowed to conduct business in multiple currencies, alongside the Zimbabwean dollar, in an attempt to tackle soaring inflation, acting Finance Minister Patrick Chinamasa said on Thursday.

"In the hyper-inflationary environment characterizing the economy, our people are now using multiple currencies alongside the Zimbabwean dollar. These include the (South African) rand, U.S. dollar, Botswana pula, euro and British pound among others," he said in a budget speech.

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