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1997 Zimbabwean Black Friday is an economic event that led to the turmoil of Zimbabwean economy as a result of former president, Mugabe's measure. The term ‘Black Friday’ was driven from a national electricity blackout that happened the same day.[1] On the 14th of November 1997,[2] Robert Mugabe gave order to Finance Minister to release Z$4.2 billion into the economy as a once off payment to over 50,000 war veterans. Zimbabwean Dollar crashed the same day by 71,5% against United States Dollar while Zimbabwe Stock Market lost 46% of its previous day market capitalization. Private Companies lost Z$4 billion in market value, the likes of Delta Corporation.[3][4]
^"Time line of collapse of Zim dollar - Mike Campbell Foundation". www.mikecampbellfoundationresources.com. Retrieved 2023-10-18.
^Marawanyika, Godfrey (2007-11-11). "Zim marks 10 years since 'Black Friday'". The Mail & Guardian. Retrieved 2023-10-18.
^"Black Friday: A spark fell into a keg of rumour, nervousness and blind panic – eBusiness Weekly". www.businessweekly.co.zw. Retrieved 2023-10-18.
^"Black Friday 17th anniversary". The Herald. Retrieved 2023-10-18.
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