Shoppers in Zimbabwe are increasingly turning to street traders to buy what they need as the local currency plunges in value against the U.S. dollar VERBATIM: The southern African nation uses both types of money. Supermarkets and other stores must charge in Zimbabwe dollars, and their prices are rising rapidly. But costs are stable on […]
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Local currency in Zimbabwe plunges in value against the U.S. dollar
Shoppers in Zimbabwe are increasingly turning to street traders to buy what they need as the local currency plunges in value against the U.S. dollar
VERBATIM: The southern African nation uses both types of money. Supermarkets and other stores must charge in Zimbabwe dollars, and their prices are rising rapidly. But costs are stable on the street, where the U.S. dollar is exclusively used and not pegged to an official exchange rate that’s artificially low.