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Dear governor, the market is in a mess.
- Source :
- Business Weekly (Knowledge Bylanes); 4/15/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- The article discusses the introduction of a new currency, the Zimbabwe Gold (ZiG), and the resulting chaos in the country's economy. The Reserve Bank of Zimbabwe has phased out the old notes and coins in favor of the new currency, but there is currently a shortage of paper money, causing a chaotic situation. This has led to inflation in USD terms, increased transport costs, and higher prices for goods. Vendors are also facing difficulties as customers struggle to find change. The article emphasizes the need for policymakers to consider the impact of their decisions on all citizens, particularly those who are already disadvantaged. [Extracted from the article]
- Subjects :
- FOREIGN exchange reserves
GOLD coins
GOVERNORS
PAPER money
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Business Weekly (Knowledge Bylanes)
- Publication Type :
- Periodical
- Accession number :
- 176658296