Archive for October, 2012

Whenever you send money to Zimbabwe, you are probably thinking at the back of your mind, “is this money going to be of any meaningful value when it reaches home?” Will your loved ones be able to buy groceries for the month and will they even find what they need to buy in the first […]

Digging out of the ground

Posted: 23rd October 2012 by admin in Remittance methods

It used to be one of Zimbabwe’s leading industries contributing 27% of export trade in 2002. Zimbabwe once a world leader in the production of lithium minerals, chrysotile, asbestos, and ferrochromium, has more than half of the world chromium reserves. It was self-sufficient in most minerals, producing 35 commodities from 1000 mines. The turn of […]

Adopting currencies

Posted: 21st October 2012 by admin in Remittance methods

In most normal cases, countries have their own currencies.  However due to political and economical reasons, other countries end up adopting foreign currencies as their own.  In Zimbabwe they have had to use multi currencies, one being the South African rand and the United States dollar.  Reason being that their own currency had been devalued […]