Zimbabwe
1 articleThe monetary system of Zimbabwe, a sovereign state in East Africa, combines Zimbabwe Gold (ZWG) with the United States dollar (USD) in a multicurrency framework. Currency administration is led by the Reserve Bank of Zimbabwe; Zimbabwe Gold banknotes and coins circulate within the jurisdiction. The multicurrency framework distinguishes the domestic ZWG unit from foreign currencies that also hold legal-tender or practical payment roles. The resulting profile distinguishes the jurisdiction from the currency itself and from institutions that may issue or supervise its money.
UnionPay Expands E-Commerce Payments in Nine African Countries
UnionPay International and Standard Bank have extended their partnership to enable nearly 900 merchants in nine African markets to accept online payments in local and US dollars, broadening payment options for businesses and consumers.