Thousand-dollar shopping in Zimbabwe

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If you have connections high up in government you can buy one US dollar for Z$365 at the official bank rate, you can then go out on the street and sell that one US dollar for around Z$700. - CathyBuckle Moneyweb Zimbabwe EconomicCrisis

On the shortest day of the year Zimbabwe gave us her very best: blue sky, sunshine and golden grass. It was gorgeous out there in the bush, aloes in flower, streams still trickling and mist nestling in the grass long after sunrise. For the last two weeks of June we also had the rare chance, which apparently only happens once in a century, of seeing the five planets which are visible with the naked eye lined up in an arc below the waning moon.

It wasn’t a pretty picture; these are some of the standard, regular grocery items most people buy: On the first day of the month, just after people had been paid, the huge supermarket was almost empty, the sign, if anyone needed it, that people can’t afford the thousand-dollar food in the supermarkets anymore. Outside in the car park the money changers stood flicking piles of notes and sitting in the freezing cold wind.

 

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CathyBuckle But they have land! 🤔 Zimbabwe Julius_S_Malema FloydShivambu

CathyBuckle Great arbitrage opportunities 📈💵

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