Economic slide continues

Zimbabwe’s economic slide continued with fuel lines getting longer, sometimes reaching 4 kilometres, and according to the United States embassy business leaders were increasingly joining the Movement for Democratic Change’s call for a final push.

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Government opens up but……….

The government abandoned its fanciful official exchange rate of Z$55 to a greenback to Z$824 to US$1 and brought up tariffs for fuel and energy more in line with their US dollar values but there were fears that this might not be enough to resuscitate the economy that had been in free fall for five years.

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