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Zimbabwe Dollar Goes Rogue: Black Market Rate Taunts Official Price in Public Display of Hyperinflation

thesaintsain
1 Min Read

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.

20240327 163928
20240327 163928

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.

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Zimbabwe Dollar Goes Rogue: Black Market Rate Taunts Official Price in Public Display of Hyperinflation

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.

20240327 163928
20240327 163928

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.

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(+263) 77 380 2386

contact@dandaro.online

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