It’s Time For Zimbabwe To Start Using South Africa’s Rands As it’s Official Currency
Zimbabwean banks have called for the adoption of the South African rand as the main currency of exchange arguing that use of the United States dollar was no longer sustainable. Zimbabwe dumped its hyperinflation-ravaged local currency in 2009, adopting a basket of foreign currencies, mainly the US dollar, South African Rand, Botswana Pula and Euro. […]
Greece To Receive 86 Billion Euros Bailout Package
Finance ministers of the 19-nation euro single currency group on Friday approved the first 26 billion euros ($29 billion) of a vast new bailout package to help rebuild Greece’s shattered economy. The approval came after Greece’s parliament passed a slew of painful reforms and spending cuts after a marathon overnight session that divided the governing […]
Greece Crisis deepens amid deadlock
Greece and its international creditors remain in deadlock over its debt crisis despite a series of top-level meetings. Prime Minister Alexis Tsipras failed to reach a deal with Greece’s lenders, then a meeting of European finance ministers broke up without progress. The Athens government faces default if it fails to make a €1.6bn (£1.1bn) IMF […]
