‘Pensioners, insurance holders lost quadrillions during dollarisation’

PENSIONERS and insurance holders lost quadrillions of their Zimbabwean dollar investments during the process of conversion of the Zimbabwe dollar to the United States currency, Parliament heard on Monday.

The issue was revealed by the Commission of Inquiry into the Conversion of Insurance and Pension Values from the Zimbabwe dollar to the United States dollar, which said most of their Zimbabwean dollar investments suddenly turned into a few US cents or dollars.

The commission, chaired by Justice Leslie George Smith, had appeared before the Parliamentary Portfolio Committee on Finance to speak on their findings.

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