RealNews

Black Market Economy Thrives in Zimbabwe

The economic chaos engulfing Zimbabwe has turned even a mundane task such as renting a car into an unachievable dream for the average law-abiding citizen. A car rental company on Saturday quoted a day rate of 69,000 Zimbabwe dollars to hire a basic model, plus a deposit of 25 million Zimbabwe dollars. This is the equivalent of a staggering w$2,760 per day _ plus a deposit of $100,000 _ at the official exchange rate, but only $35 and $125, respectively, on the black market. Full Story

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