cash crisis

 As Zimbabwe hurtles towards into the New Year, the majority of the country’s population is bruised economically, socially and politically
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As the economy continues to deteriorate, rural areas are not being spared, with cash shortages and rising commodity prices hitting hamlets across the country.The less developed parts of Zimbabwe continue to squirm with low investments and…
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Government is running under a serious credibility deficit, as the long-suffering Zimbabweans continue to lose hope in its economic policies, analysts have observed.
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Recent developments in the Zimbabwe economy have just confirmed what most people have suspected all along; greediness is at the centre of our problems.Ever since new Finance minister Mthuli Ncube announced his new monetary policy earlier…
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Consumers will continue to feel the heat as retailers adjust their prices upwards nearly on a daily basis to keep pace with inflation, which a United States-based expert put at 155,8 as of last Friday.
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Government has triggered a storm after forging ahead to effect a draconian two percent tax on electronic transactions through a process legal experts say is unlawful.
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The Nelson Chamisa-led MDC has resolved to join the Zimbabwe Congress of Trade Unions (ZCTU) and the rest of the suffering citizens in protesting against the deteriorating economic conditions in the country.
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The bond note continues to suffer heavy battering against the greenback on the parallel market, with its exchange rate touching new lows.
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Zimbabwe's runaway cash black market is anticipated to remain firm in the wake of a deepening foreign exchange scarcity that saw the United States dollar premium surging to 400 percent as at midday yesterday.
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Several up-market restaurants in the capital have closed their doors to the public indefinitely, citing the harsh economic condition prevailing in country as the reason they cannot continue operating.
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