Zimbabwe president says new currency a must by year-end

Zimbabwe president says new currency a must by year-end.

Zimbabwe must have a new currency by the end of the year, President Emmerson Mnangagwa said on Friday, arguing this would help stabilise prices and inflation, which is at a 10-year high.

The southern African nation in February removed an unrealistic peg for its electronic dollars and surrogate bond notes and merged them into a transitional currency called the Real Time Gross Settlement (RTGS) dollar.