Are Zimbabwe's Black Market Money Traders Back in Business?
A shortage of banknotes has resulted in a new black market more than eight years after Zimbabwe abolished its own currency, the Zimbabwean dollar, and adopted foreign currency to avoid exactly that sort of unofficial trading. Since the introduction of the bond notes, cash shortages persist, with many people moving onto streets in search of the now elusive U.S. dollar.
(File photo).
InFocus
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As most companies in Zimbabwe depend on foreign currency to purchase raw materials from outside the country, the disappearance of American dollars from the market could bring their ... Read more »