The prices of basic commodities, including bread and many other things, continue to go up despite spirited attempts by President Emmerson Mnangagwa’s new administration to instil confidence in the economy.
Soon after the fall of former president Robert Mugabe, the parallel market exchange rate for the US dollar went down considerably, giving hope of economic recovery after decades of hardships.
But upon the announcement of RBZ monetary policy recently, the US dollar firmed again against the Zimbabwean bond note and prices of basic commodities began to rise beyond the reach of many.
The latest price hike is that of bread which will now cost $2 starting tomorrow.
More details to follow …
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