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Tag Archives: hyperinflation

South Sudan introduces new banknotes

Juba, South Sudan | Xinhua | South Sudan’s central bank on Tuesday introduced a new banknote of 1,000 South Sudanese pounds (SSP) as the east African nation continues to struggle with hyperinflation amid a shortage of foreign reserves. Dier Tong Ngor, governor of the Bank of South Sudan, said the bank …

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Zimbabwe ends foreign currency use as inflation spirals

Harare, Zimbabwe | AFP | Zimbabwe announced on Monday that it would abandon the use of foreign currencies which replaced the local dollar that was swiped out by hyperinflation ten years ago. The crisis-hit country is facing another bout of sharply rising prices, with official inflation now at nearly 100 per …

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