Some Zimbabweans See Only More Pain as Prices Fall

After the government of Zimbabwe decided to get rid of the local dollar whose value had been destroyed by inflation, goods have finally begun to reappear in stores and prices are falling. But some Zimbabweans are finding it even harder to make a living because they now have to survive solely off their allowance. People can no longer sell on the black market either, but some are being resourceful and selling the old, worthless Zimbabwe dollars to tourists for as much as $20. The government is seeking $5 billion for long-term recovery, which relies on the satisfaction of Western donors that Zimbabwe is on the road to stability. Unemployment in Zimbabwe is over 90 percent, and three million people have already left the country in search of other jobs.

James Shearer

James Shearer is a writer and co-founder of Spare Change News.

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