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Zimbabwe plans for new currency due to dollar shortage

A man holds up for a picture a one hundred trillion Zimbabwean dollars note inside a shop in Harare, Zimbawe. [Photo: Reuters]

HARARE - Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of US dollars has plunged the financial system into disarray and forced businesses to close.

In the past two months, the southern African nation has suffered acute shortages of imported goods, including fuel whose price was increased by 150 percent on Saturday.

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