Award-winning journalist Hopewell Chin’ono just dropped a tweet that’ll make your Zimbabwean Dollars sweat! The black market rate for the ZWD is chilling at a cool Z$30,000 to US$1, while the government-owned mobile company, Net One, is clinging to a fantasy price of Z$40,000 to US$1. Talk about a public display of hyperinflation! But here’s the real kicker: Chin’ono claims the government is printing money like a party with a broken printer, taxes are skyrocketing, and production is flatter than a politician’s apology. The only thing thriving is corruption, allegedly fueled by the very currency the government desperately wants to control.
So, why won’t they just ditch the ZWD and go full-on dollar? Chin’ono whispers it might have something to do with powerful elites using the ZWD as a magic trick to disappear public funds. Meanwhile, Zimbabwean businesses are left holding the (worthless) bag, forced to use the black market rate just to survive.
<p>The post Zimbabwe Dollar Goes Rogue: Black Market Rate Taunts Official Price in Public Display of Hyperinflation first appeared on Dandaro Online.</p>
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