Zimbabwe currency crisis: No cash, no bread, no KFC
A deepening unease is settling over Zimbabwe as the country’s fragile local currency loses value at an alarming speed, prices soar, local and foreign businesses close their doors, and people wonder whether their savings are about to be wiped out once again, as they were during the economic collapse and spectacular hyperinflation that tore through the country a decade ago.
“We are suffering. Inflation is too much. Every minute, every hour, every day, the prices are just changing,” said a wholesale trader who did not want to give his name.
KFC has closed its local outlets citing “these difficult times,” while supermarkets have been rationing some items, and mining companies and other key exporters are complaining about a lack of access to foreign exchange reserves.