By Business Reporter- Retail shops nationwide are removing ZiG price tags and replacing them with US dollar tags as the ZiG collapses.

The collapse of the ZiG has led to a sharp rise in the cost of goods and services, with retailers responding by replacing price tags in ZiG with those in US dollars.

A shortage of the local currency has also forced the general public to increasingly rely on the US dollar for transactions and as a store of value.

The black market exchange rate remains high, fluctuating between ZWG24 and ZWG28 to the US dollar.

Basic commodities such as flour and mealie-meal have become scarce in supermarkets, and some retailers with these goods have removed price tags in the local currency altogether, further signalling a shift away from the troubled ZiG.