Zimbabweans set to change currencies
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Banks and stores did brisk business Monday on the last day the nation's old bank notes were being accepted as legal currency.
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Zimbabwe's annual inflation rate has reached a new record high of more than 1,200 percent in August despite the conversion to a new currency designed to halt the upwards spiral.
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BUCK STOPS HERE: Cuba announces that dollars will no longer be accepted in stores and businesses, saying it is trying to regain control of its economy as Washington cracks down on the flow of the U.S. currency to Cuba. A convertible peso will be put in circulation.
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HAVANA  - Thousands of Cubans queued up yesterday to swap US dollars - which have been legal tender here for over a decade - for local convertible pesos, in a mad rush ahead of November 8, when US currency will be locked out of commercial transactions
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Zimbabwe orders firms and factories to cut the price of goods by half in a bid to fight inflation.
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Economic instability looms as major currencies seem to be racing each other to the bottom of the pile. This is the flavour of the markets at the moment.
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Zimbabweans formed queues at banks on Saturday to beat a December 31 deadline to hand in a currency series phased out by the central bank.
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Zimbabwe's annual rate of inflation last month dropped to 209 percent, edging closer to a year-end target of 150 percent from a peak of 622.8 percent in January, according to a newspaper report.
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The US Mint plans to reintroduce dollar coins in an attempt to get Americans to give up the dollar bill.
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WASHINGTON -- The Bush administration on Friday won a commitment from China that it will move to a flexible, market-based currency.
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An IMF team has lined up a visit to Zimbabwe to assess the state of the economically-ravaged nation ahead of a key meeting in Washington on its possible expulsion for arrears.
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English cricket authorities give the national team the go-ahead to tour Zimbabwe.
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Cubans jammed banks and exchange kiosks  to swap their dollars for local pesos on Thursday, as the  communist government, retaliating for tightened sanctions,  moved to pull the U.S. currency from general circulation.
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President Robert Mugabe's government introduced a bill yesterday to give Zimbabweans majority ownership of foreign companies, a move critics say will deepen an economic crisis. The plan would give the government sweeping powers over how foreign companies, including mines, operate in Zimbabwe. Critics accuse the veteran leader of trying to push through the bill to extend his ...
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Officials say the country will move away from peg of 8.28 yuan to the dollar amid US pressure. WASHINGTON  - Chinese officials reiterated that the country would move toward a flexible foreign exchange
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Zimbabwe&#39;s galloping inflation will  force President Robert Mugabe from office before the end of the  year, the United States ambassador to Harare said on Friday,  predicting the rate could hurdle 1 million percent within  months.
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HAVANA - Cuba is moving to end circulation of the widely-used US dollar, a response to tighter American sanctions on the communist island.