Harare small military force of the British South Africa Company, and named Fort Salisbury after the British prime minister Lord Salisbury. Company administrators demarcated the city and ran it until Southern Rhodesia achieved responsible government in 1923. Salisbury was thereafter the seat of the Southern Rhodesian (later Rhodesian) government and, between 1953 and 1963, the capital of the Central African Federation. It retained the name Salisbury until 1982, when it was renamed Harare on the second anniversary of Zimbabwean independence. Harare is Zimbabwe's leading political, financial, commercial, and communications centre, as well as a trade centre for tobacco, maize, cotton, and
Zimbabwean dollar dollar, increasingly substantially in comparison to less regulated markets such as offshore markets or paper cash freely traded on the streets of Harare, reflected above as Parallel Rates. On 1 August 2008, ten zeroes were removed from the currency, reducing 10 billion Zimbabwean dollars to one dollar. On 3 October 2008, the Reserve Bank of Zimbabwe temporarily suspended the Real Time Gross Settlement (RTGS) system, halting electronic parallel market transfers, but it was reinstated on 13 November 2008. After being introduced on 1 August 2008, the third dollar continued to devalue. An overview of the exchange rate data can be