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Zimbabwe law to compel banks to accept livestock as collateral - africanews

Zimbabwe's Finance and Economic Development Minister, Patrick Chinamasa, has underlined the need for banks to respond to the needs of the country's highly informalized economy. AdChoices. ADVERTISING. inRead invented by Teads. According to him ...and more »

Zimbabwe plans to secure bank loans with cows -

Zimbabwe's bank managers, already strapped for cash for their customers may soon have to worry about where to put cattle if a new law comes into operation which would allow people to use their livestock as collateral. Finance minister Patrick Chinamasa ...and more »

Future of SA? Back to financial dark ages as Zimbabwe banks ordered to accept cows, goats as security - BizNews

Zimbabwean citizens are not in control of their own money. There are government-imposed daily limits on how much cash can be drawn as funds run dry, with people obliged to queue daily to withdraw anything more than a sum sufficient to pay for a small ...and more »