Sunday, May 22, 2011

Candies for Change

Zimbabwe is hitting an all time new low with their economics. Recent political and goverment changes look to be heading in the right direction, but this failed economy is remaining stagnant. Two years ago, Zimbabwe began to solely use the US dollar as the Zim dollar had astronomical inflation. This too has not only raised the price of goods, but the lowest value dollar note is the $1. Therefore, in stores and such it has reached the point to where in order to give back change that would notmally be in coin form, buyers of goods are now receiving candy and sweets to compensate. In some cases they are given vouchers which they can redeem for other goods. The future of Zimbabwe is unknown, but a crucial aspect in order for this former economic powerhouse is to sort out its economic harships.

Matt Boguslawski

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