HARARE, July 10 — With runaway inflation eating into incomes, staple foods have vanished from the tables of Zimbabweans like Emina Chishangwe, who lives in a poor dormitory town south of the capital Harare.
The situation has quickly worsened this year as the Russian invasion of Ukraine compounded with black market foreign exchange has depleted the value of the Zimbabwe dollar. Distrust has led people to exchange their cash for US dollars, further driving down the local currency. "My friends made jokes about me 'stepping down' when I made the change but now some of them are considering following suit," said Matsvai, a car salesman.Zimbabweans endured and survived some of the worst hardships of 2008 when hyperinflation saw the central bank mint a one-trillion-dollar note.
Already in the March by-elections, the long-ruling Zanu-PF party lost to the opposition Citizens' Coalition for Change which was formed barely three months earlier.Analysts say the current political and economic landscape now mirrors the crisis leading into the 2008 election, which saw ex-ruler Robert Mugabe nearly fall from power.
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