Shops Shift Back To US Dollar Pricing As ZiG Crumbles
11 September 2024
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By Business Reporter- Major retail stores across the country have reverted to pricing goods in US dollars, as the Zimbabwean Dollar (ZiG) continues to lose its value.

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 signaling a shift away from the troubled ZiG.