Zimbabwe nearly doubles bread price as economic woes mount : The Standard - News Summed Up

Zimbabwe nearly doubles bread price as economic woes mount : The Standard


Zimbabwe nearly doubles bread price as economic woes mountA man buys bread from a street vendor in Mbare township, Harare, Zimbabwe, January 24, 2019. The RTGS has been losing value ever since, forcing companies to increase prices. On Tuesday, the RTGS dollar was trading at 3.19 to the dollar on the interbank market and 5 on the black market. That means a loaf of bread costs about 70 U.S. cents a loaf, in a country where the average income is around $4 a day. In January, a fuel price increase led to protests that left several people dead following a military crackdown.


Source: Standard Digital April 16, 2019 11:59 UTC



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