Reserve bank of zimbabwe said in a statement that from 16, 10 trillion new banknotes began to circulate in the market, and the other three will enter the market one after another.
At present, the depreciation of Jinyuan is very serious. According to reports, according to the free market exchange rate on June 5438+05, 10 trillion Jin is about 30 US dollars. It is worth noting that reserve bank of zimbabwe just issued a set of new banknotes with denominations of 654.38+0 billion yuan, 20 billion yuan and 50 billion yuan last week.
Zimbabwe continues to issue new banknotes with large denominations to cope with the severe economic situation and currency depreciation. The political crisis triggered by the presidential election in Zimbabwe last March aggravated the domestic economic crisis. At present, there is a serious shortage of commodities, especially food, and millions of people are starving.
At the end of last year, reserve bank of zimbabwe approved about 65,438+0,000 enterprises to obtain foreign exchange such as US dollars, so as to encourage food imports and meet urgent needs. However, almost all shops and service industries refused to accept local currency, and government civil servants, soldiers, police, teachers and doctors demanded that the government pay their salaries in dollars or other hard currency. It is reported that all sectors of society generally welcome the circulation of foreign exchange in Zimbabwe, and the government is also considering whether to use foreign exchange to pay employees' wages.
Now Zimbabwe pays its wages in US dollars instead of Jin Yuan, 100 trillion. At the lowest level, you can only buy half a loaf.