Zimbabwe Businesses Drop Local Currency for US Dollars – VOA News
Zimbabwe Businesses Drop Local Currency for US Dollars VOA News
As Zimbabwe’s economy struggles and the country faces scarce fuel supplies, some businesses are refusing to accept the ever-weakening local currency, insisting on doing business in U.S. dollars. One reason is that the local currency, known as bond notes, are not accepted outside the southern African country, making them useless for any companies that need to import goods. This spare vehicle parts seller, Tongai Madamombe, says he wants President Emmerson Mnangagwa’s government to switch to the U.S. dollar as pricing in bond-notes has become difficult. Spare vehicle parts seller Tongai Madam…
