Zimbabwe authorities troubled by tumbling new currency

Zimbabwean authorities responded swiftly to the recent decline in the new gold-backed currency by apprehending illicit moneychangers and closing the bank accounts of businesses accused of exclusively dealing in U.S. dollars. On Monday, Zimbabwe business owners pleaded with parliamentary committees to ask the government to stop arresting moneychangers and re-open the bank accounts of companies accused of only accepting foreign currency. "This is an inception process of a monetary policy shift," said Sekai Kuvarika, the chief executive officer of the …