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Zimbabwe: On the rapidly eroding value of money

Categories: Sub-Saharan Africa, Zimbabwe, Economics & Business, Governance

Chipo at Sokwanele's This is Zimbabwe blog, expresses his anger [1] about the current inflation situation in the country: “Last week chaos reigned again as the banks were choc-a-block with transfers. Delays became longer and longer. Salaries and wages were not honored. And while the banks were busy “processing”, the value of the money was eroding rapidly”.