(Bloomberg) -- Zimbabwe's central bank, faced with the world's fastest shrinking economy and highest inflation rate, devalued the nation's currency for exporters to ease foreign exchange shortages.
Exporters and companies that generate foreign currency will be paid the equivalent of 15,000 Zimbabwe dollars, central bank Governor Gideon Gono said in a monetary policy statement today, according to a copy on the central bank's Web site.
Read more at Bloomberg Emerging Markets News
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