Zimbabwe declares war on zeroes

Zimbabwe’s plan to combat the hyperinflation that has reached more than 2.2 million percent? Knock off the zeroes: This time, we will make sure that those zeroes that would come knocking on the governor’s window will not return,” [Reserve Bank Governor Gideon] Gono was quoted as saying on Saturday in a speech to farmers. […] ...

Zimbabwe's plan to combat the hyperinflation that has reached more than 2.2 million percent? Knock off the zeroes:

Zimbabwe’s plan to combat the hyperinflation that has reached more than 2.2 million percent? Knock off the zeroes:

This time, we will make sure that those zeroes that would come knocking on the governor’s window will not return,” [Reserve Bank Governor Gideon] Gono was quoted as saying on Saturday in a speech to farmers. […] Even state media reported Mr Gono’s comments "drew laughter" from his audience.

The governor is expected to chop three or six zeroes from the currency, following a three-zero cut in 2006.

More from Foreign Policy

Newspapers in Tehran feature on their front page news about the China-brokered deal between Iran and Saudi Arabia to restore ties, signed in Beijing the previous day, on March, 11 2023.
Newspapers in Tehran feature on their front page news about the China-brokered deal between Iran and Saudi Arabia to restore ties, signed in Beijing the previous day, on March, 11 2023.

Saudi-Iranian Détente Is a Wake-Up Call for America

The peace plan is a big deal—and it’s no accident that China brokered it.

Austin and Gallant stand at podiums side by side next to each others' national flags.
Austin and Gallant stand at podiums side by side next to each others' national flags.

The U.S.-Israel Relationship No Longer Makes Sense

If Israel and its supporters want the country to continue receiving U.S. largesse, they will need to come up with a new narrative.

Russian President Vladimir Putin lays flowers at the Moscow Kremlin Wall in the Alexander Garden during an event marking Defender of the Fatherland Day in Moscow.
Russian President Vladimir Putin lays flowers at the Moscow Kremlin Wall in the Alexander Garden during an event marking Defender of the Fatherland Day in Moscow.

Putin Is Trapped in the Sunk-Cost Fallacy of War

Moscow is grasping for meaning in a meaningless invasion.

An Iranian man holds a newspaper reporting the China-brokered deal between Iran and Saudi Arabia to restore ties, in Tehran on March 11.
An Iranian man holds a newspaper reporting the China-brokered deal between Iran and Saudi Arabia to restore ties, in Tehran on March 11.

How China’s Saudi-Iran Deal Can Serve U.S. Interests

And why there’s less to Beijing’s diplomatic breakthrough than meets the eye.