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Tuesday, 29 December 2015

Zimbabwe is deflated: bad economic days ahead.


After beating Inflation, Zimbabwe is now faced with Deflation. The sudden change of Zimbabwe currency to dollars seems not to favour zimbabweans., as they have enough money in circulation but no buying power. The prices of goods and services from month to month are variable.
Their dependency on South Africa and Zambia for import of products also affects the economy of Zimbabwe. The dwindling value of both countries currency ( Rand and Kwacha ) in the stock exchange market is bad news for Zimbabwe. 

Should Robert Mugabe and his finance minister be schooled on the basics or fundamentals of economy?  
The good citizens of zimbabwe are suffering!

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