Shops Re-embrace USD as ZiG Continues to Weaken
Some shops have reverted back to charging goods in foreign currency as the Zimbabwe Gold continues to weaken.
Why the ZiG Will Fail – Prof Gift Mugano
Prices have risen sharply as a result. According to a snap survey conducted in Harare, retailers, who have been displaying prices in both the ZWG and US dollars, have since started charging exclusively in the greenback.
The ZWG shortage has also forced the general public to resort to the US dollar as a store of value and paying for goods and services in the foreign currency.
The foreign exchange rate on the informal market has remained high, ranging between ZWG24 and ZWG28 per US dollar.
Some of the basic commodities like flour and mealie-meal are scarce in supermarkets, where some retailers with the goods have removed price tags in the local currency.
Meanwhile, Police in Mashonaland West are currently investigating the tragic and mysterious deaths of two women from Chegutu, who were found deceased after going in search of firewood. The incident occurred at Stockday farm, located on the outskirts of Chegutu.
Shops Re-embrace USD as ZiG Continues to Weaken
According to Inspector Ian Kohwera, the provincial police spokesperson, the deceased have been identified as Sekasai Antonio (59) and Alice Zhuwao (54), both residents of P Section, Pfupajena, Chegutu.
The two women departed their homes on September 6, 2024, around 9:00 AM to gather firewood from Stockday farm. When they did not return as expected, their family members initiated a search around the farm.
The search extended over two days, culminating on September 8, 2024, when the bodies of the two women were discovered about 100 meters apart in a bush within the farm.
Money Changers Resurface as ZiG Marginally Weakens
Inspector Kohwera reported that Sekasai Antonio’s body showed signs of severe trauma, including a deep cut on her head, bruises on her neck, arms, and legs, and indications that she might have been sexually abused. Alice Zhuwao’s body was also found with a deep cut on her head.
