Sylvia Dhliwayo, an expert at scaling the hurdles of Zimbabwe’s crisis-ridden economy and negotiating the many currencies at play, is upset.

She works hard every day to send her four children to school. Waking up at 04:00 most mornings, she heads to the main market in Mbare in the capital, Harare, to buy maize, peanuts, doughnuts, eggs and buns to sell at her neighbourhood street stall.

From tomatoes to avocados, pots to second-hand clothes, Mbare is a hub of commerce and the traders there set the prices, which change daily in the fluctuating economy.

What has angered Ms Dhliwayo and other traders is the latest move by the government to introduce a new local currency.

“They gave us no warning. We save and save their useless money and overnight the notes are worthless,” she tells me in exasperation.

Known as the Zig, which stands for “Zimbabwe gold”, it was introduced a month ago and replaces the digital RTGS currency and cash “bond notes”.

The move is supposed to help tackle inflation and hyperinflation - a disease that has plagued Zimbabwe for the last two decades. This led the government to abolish the Zimbabwe dollar in 2009 and ever since, most people have been using the US dollar.

Just before the Zig was launched, I could....

Continue reading @ https://www.bbc.com/news/articles/clm3108jxxno

The white supremacists

They are on another round of currency disaster.

SadiqBabaSani:
The white supremacists

These guys literally chased out foreigners away from their country yet nothing still works after all these years.

Leads me to believe that foreigners or foreign influence is not the biggest problem to Africa and its development.