Zimbabwe: Lack of Hard Currency in Zim Has Goods Suppliers Concerned

Zimbabwe's money shortage has seen card and mobile-money payments eclipse cash sales at the nation's retailers, throttling suppliers' stock of hard currency needed to put goods on shelves and forcing up food prices.

Cash transactions have shrunk to about 2percent of daily takings across the 33-store Spar Zimbabwe chain, from 60percent a year ago, managing director Terence Yeatman said. The country's statistics agency said last month that consumer prices rose 0.1percent in August from a year earlier.

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