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Can the Zim outfitters survive another bout with hyper inflation?
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It looks like with Mugabe printing his own money that it may be 2008 all over again.

How many people would be willing to send deposit money there?

https://www.forbes.com/sites/s...-again/#32387e7d10d6



Frank



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Posts: 12764 | Location: Kentucky, USA | Registered: 30 December 2002Reply With Quote
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My poor Zimbabwe!


diego
 
Posts: 645 | Location: madrid spain | Registered: 31 October 2007Reply With Quote
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Yes. Hunters will do well as will anyonew who has access to foreign currency. During the shortages and the trillion dollar notes, the PHs I knew survived fairly well as they had money and clients to bring them items from the states.
Cal


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Posts: 7281 | Location: Willow, Alaska | Registered: 29 June 2009Reply With Quote
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I know Zim TRIES to make them all keep their money in Zim banks for this reason but don't really all the smart ones keep nearly all their money in the US or elsewhere? Can anyone give more intelligent context to this?
It's hard to imagine your money essentially disappearing before your eyes like this if its in a Zim bank
 
Posts: 931 | Location: Music City USA | Registered: 09 April 2013Reply With Quote
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Zimbabwe is a kleptocracy, and the desperation is heightening with "elections" coming up next year - though they could announce the results now.

Outfitters who can sell overseas in real money, and who also operate in neighbouring countries, will do OK.
 
Posts: 409 | Registered: 30 July 2015Reply With Quote
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That Marxism shit sure works well doesn't it? Roll Eyes



 
Posts: 5210 | Registered: 23 July 2002Reply With Quote
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And no one in Africa seems to ever learn from the failures of every other Marxist government in history.

Doing more of the same and expecting a different outcome....


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Posts: 22445 | Location: Occupying Little Minds Rent Free | Registered: 04 October 2012Reply With Quote
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Marxism, socialism doesn't really matter. It is just about making their leaders/despots billionaires. Let the masses eat cake!

Mugabe himself has done quite well, thank you very much!


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