Indian Rupee to be legal tender in Zimbabwe

The Reserve Bank of Zimbabwe (RBZ) announced Wednesday that it was adding the Indian Rupee to the basket of currencies to be circulated in the country. This it said was in view of the growing trade between the two countries. 

In addition to the Botswana Pula, British Sterling Pound, Euro, South African Rand and United States Dollar, the central bank also added the Australian Dollar (AUD), Chinese Yuan (CYN), Indian Rupee (INR) and Japanese Yen.

The addition of four Asian currencies to the multi-currency system, brings to nine the international currencies circulating in the country.

Important to Note : 

Zimbabwe abandoned the use of its own currency in 2009 after world record inflation levels precipitated an economic collapse under the Zanu PF government. It was a coalition government in 2009 that introduced the multi-currency system that brought stability.