Reported 4 days ago
As Zimbabwe's new currency, the Zimbabwe Gold (ZiG), struggles with volatility, traditional stores face increasing challenges while illegal night bazaars thrive. Shoppers are flocking to informal markets for more affordable prices and convenience, avoiding the formal retail sector which is hampered by high costs and bureaucratic constraints. The disparity between official and black market rates drives consumers towards the informal sector, which has now become a vital source of livelihood for many, illustrating the severe economic crisis in the country.
Source: YAHOO