A survey of notable events and people in the history of Zimbabwe. The landlocked country is located in Southern Africa. Bantu-speaking groups have populated what is now Zimbabwe for more than 10 centuries.
Zimbabwe is named after Great Zimbabwe, the twelfth- to fifteenth-century stone-built capital of the Rozwi Shona dynasty. The name is thought to derive from dzimba dza mabwe ("great stone houses") or dzimba waye ("esteemed houses"). Cultural and religious traditions among the Shona, Ndebel...
Kariba DamView of Kariba Dam, on the border between Zambia and Zimbabwe, from upriver. On the other hand, Zambia incurred massive costs from the survival ofwhite supremacyacross the Zambezi. Following (Southern) Rhodesia’s Unilateral Declaration of Independence (UDI) in 1965, theUnited Nationsimp...
Free Zimbabwe facts and information, and a collection of Zimbabwe worksheets for use at school & in a homeschooling environment.
adopting a new peg of 2.5 to one for the new currency—although its value on the black market quickly fell below that. In June 2019, the government recognized the RTGS dollar as legal tender and rechristened it the new Zimbabwean dollar, while at the same time barring the use of the ...
Zimbabwe Dollar: Inflation Nation Year: 1999-2009Sometimes the crisis is so bad, the currency itself has to go but the markets mostly shrug . Like Zimbabwe, where the government essentially abandoned the Zimbabwe dollar, after two decades of hyper-inflation had rendered it worthless.In a period...
Back in 2009, the government of Zimbabwe issued a $100 trillion dollar banknote because the value of their dollar had declined so much. During the great depression, fractional reserve banking was the reason so many banks went under. People were desperate and scared, so they attempted to withdra...
Fiat money is tender not backed by a tangible asset or commodity like gold. It’s usually mandated by governments & leads to corrosive effects on society.
There are 17 countries and territories that use the U.S. dollar as their currency. These include Ecuador, El Salvador, American Samoa, Guam, Micronesia, Panama, and Zimbabwe. There are also many countries that peg their currency to the U.S. dollar, including Lebanon, Hong Kong, and Saudi...
Currency: Zimbabwean Dollar Zimbabwe's economic system was in trouble long before its hyperinflation period began in 2007. The nation's annual inflation rate hit 47% in 1998, and the trend continued almost unabated until hyperinflation set in. By the end of its hyperinflation period, the value ...