Zimbabwe hyperinflation

  • Markets

    Inflation drops to 50,24 percent for August

    Zimbabwe’s annual rate of inflation dropped to 50,24 percent this month from 56,37 percent in July as fiscal and monetary authorities forge ahead with macro-economic turnaround policies. The Zimbabwe National Statistics Agency (Zimstat) reveals there was a marginal decline in the year on year inflation figures compared to the previous month on the back of pressures on pricing trends. Food…

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  • Markets

    Zimbabwe’s inflation drops to two digits for first time since 2018

    Zimbabwe’s inflation slowed to double digits in July for the first time in more than two years. Inflation started spiraling out of control toward the end of 2018 and peaked at 837.5% almost two years later. The acceleration was largely due to a number of missteps that led to a cash scarcity in the country. Its currencies, comprising bond notes…

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  • Letters

    ‘All the trust is gone’- Zimbabweans resort to pillow banking

    I can’t remember the last time I deposited money into my bank account. Actually I might as well say I don’t have a bank account because I’m sure by now the account has been de-activated after being dormant for so long. And I believe there are a lot other Zimbos who can relate because our banking system, just like the…

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