UTC-05:00,Saturday , December 07th 2019

Zimbabwe's Foreign Currencies Ban Ignites Massive Bitcoin Fever

07:29 Thursday , July 11th 2019
Peer-to-peer Bitcoin transactions in Zimbabwe recently reached a new high after President Emmerson Mnangagwa reinstated the Zimbabwe dollar. The ban also prohibits the settlement of local transactions in the British pound, South African rand, the US dollar, and other foreign currencies.
As reported by Bitcoinist last week, the introduction of the foreign currency ban on June 24th caused local Bitcoin prices to rise to $76,000 per coin which was 580% higher than the $11,000 price on this date.
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