Slowly things seem to be getting better, with the drop in inflation. After the death of the Zimbabwean dollar and also with retailers now using US dollars and the South African Rand….the runaway inflation has begun to decline.
Supermarkets shelves are now full of goods…..but you need to have foreign currency, since people do not accept Zim dollars anymore.
Even the Reserve Bank is not printing those new trillion dollar bank notes.
But, are the good times coming back to Zimbabwe? or it’s going to be a long struggle?
Now that the government has dollarised the economy, where will they get the foreign currency to finance government expenditure????
Related posts:
- Government suspends Zimbabwe Dollar for one year Finally no more wasting paper printing those valueless Zimbabwe...
- Zimbabwe’s Reserve Bank Governor raided private bank accounts – Mr Gono has just admitted to stealing other people’s money Zimbabwe’s central bank governor Mr Gono has just admitted...
- Zimbabwe: Hypocrisy over Reserve Bank cars exposed The battle between the Ministry of Finance and Reserve...
- Find Designer Brands At Discounted Prices At The Amazon Outlet Store These days I’m stuck at home because I’m not...
Related posts brought to you by Yet Another Related Posts Plugin.
Wed, Mar 25, 2009
Zimbabwe News