03/28/2008 02:45 am ET Updated May 25, 2011

Zimbabwe To Introduce New Currency As Record Inflation Continues

Zimbabwe is to introduce a new currency by the end of the year in an attempt to control the country's extreme rate of inflation, the governor of the country's central bank has said.

Gideon Gono, the Bank of Zimbabwe governor said in a statement on Monday: "It is over a year since we launched Operation Sunrise One which saw the slashing of three zeros" off the country's currency.

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