Many more people are joining Mr. Chitiyo on Harare’s streets as the formal economy shows few signs of improvement. According to an unspoken rule, the street vendors are allowed to operate only after dark on weekdays and starting in late afternoon on weekends. Advertisement Continue reading the main storyWith manufacturing’s sharp decline, as well as the resulting drop in exports and spike in imports, Zimbabwe suffers from a steep trade imbalance. Advertisement Continue reading the main storyBecause of the ballooning trade imbalance and widespread hoarding of the greenback, Zimbabwe has experienced a crippling shortage of dollars since last March. PhotoWith the government now strictly controlling the transfer of dollars outside Zimbabwe, companies dependent on trade are finding it increasingly difficult to import critical goods.

Source: New York Times March 04, 2017 16:18 UTC