Zimbabwe: Sugar, Cooking Oil Flood Black Market

The parallel market for basic commodities is flourishing again in Bulawayo as shortages blamed on a controversial government tax on electronic money transactions and foreign currency crisis worsens throughout the country.

Zimbabwe started experiencing shortages of fuel and basic commodities such as cooking oil and sugar early this month after the government introduced a 2% tax on electronic transactions above $10 and separated foreign currency and real time gross settlement (RTGS) bank accounts.

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