Desperate Zimbabwe needs only to mine its gold and make its currency convertible

Section:

Shelves Empty as Specter of Hyperinflation Stalks Zimbabwe

By Paul Wallace, Godfrey Marawanyika, and Desmond Kumbuka
Bloomberg News
Friday, October 12, 2018

Austin Mushanguri shakes his head in dejection and walks away from the fridges in an affluent supermarket in Zimbabwe's capital of Harare after reading a sign saying he can buy only one bottle of beer instead of the dozen he hoped for.

Similar scenes are playing out across the southern African nation, where foreign-exchange shortages and austerity measures have left consumers facing long lines for everything from fuel to bread and sugar and sent prices soaring.

... Dispatch continues below ...



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It's the latest challenge to President Emmerson Mnangagwa's newly-elected government, which is trying to rebuild an economy wrecked by the misrule of former leader Robert Mugabe.

"How do they expect me to queue in the shops over 12 times to buy a single bottle of this beer?" Mushanguri, 41, asked. "This not what we voted for. This is not what we expected after elections." ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-10-12/shelves-empty-as-spec...

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