Zimbabwe’s central bank is circulating special coins as the Christmas festivities approaches.
The Governor of the central bank has however clarified that the government has no intentions of re-introducing the Zimbabwean dollar which was abandoned in 2009 following hyperinflation.
Annual inflation in 2008 reached 231m% and the highest denomination was a $100 trillion Zimbabwean dollar note.
This caused prices to change by the hour while some schools and hospitals closed.
The country subsequently adopted the US dollar and South African rand.
The issuance of the special coins was necessitated by the shortage of coins in the system which according to financial analysts was causing increased prices of goods and services.
This is because prices are often rounded up to prevent the issuance of coins as change for customers following its shortage.
Zimbabwe’s central bank Governor, John Mangudya is optimistic that the special coins will result in the correction of prices on the market to save the country’s economy.
The new coins are pegged to the US Dollar.