Ban on dollar lifted as Covid-19 plunges Zimbabwe into crisis
Zimbabwe’s economy has been in free-fall as a shortage of foreign currency has led to scarcity of fuel and wheat
20 April 2020 - 11:18
The fallout from the coronavirus pandemic has upended Zimbabwe’s plans to enforce the use of its own currency and left it scrambling to find money to tackle twin crises of economic collapse and famine.
A global slump spurred by the outbreak of the virus has come with the Southern African nation’s economy in its worst state since at least 2008. Already trying to raise $400m to buy grain after the most severe drought in 40 years threatened to leave half of its people without enough food, it now needs another $220m to deal with the effects of Covid-19, according to finance minister Mthuli Ncube...
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