By RFIPalled on 21-04-2019Modified on 21-04-2019 at 18:53
In Zimbabwe, President Mnangagwa fails to control inflation. Prices soar despite the decision in February to transform the monetary system. From now on, the value of bond notes used as currency is no longer linked to the dollar. However, the economy continues to plummet and residents are finding it increasingly difficult to buy consumer goods.
Buying bread, for example, is a luxury many Zimbabweans can no longer afford: prices have doubled in just a few days, and so are many other products.
According to the national statistical agency that reviewed this month its calculation method, inflation reached 66.8% in March, compared to the same period last year. Thus, this rise in prices leaves the specter of 2008 when the country, hit by unprecedented hyperinflation, saw its economy collapse and had to abandon its currency in favor of the dollar.
These price increases are " suffering the people, " said the president last Thursday, during the Independence Day of the country. According to him, these are consequences of the behavior of " the actors of the business world, industry and commerce ".
President Emmerson Mnangagwa pledges the government's determination to restore purchasing power , but in the meantime, the country's pseudo-currency continues to fall, forcing companies to raise prices and bringing with it any hope of ending the crisis. population.
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