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Сентябрь
2024

Price instability drives consumers away from chain stores in Zimbabwe

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HARARE, Sept. 28 (Xinhua) -- Chain stores have traditionally been the preferred choice for shopping, but informal stores are becoming popular among cost-aware Zimbabweans as the new gold-backed currency, the Zimbabwe Gold (ZiG), continues to depreciate against the U.S. dollar.

Zimbabwe has a multi-currency system mainly dominated by the U.S. dollar, and according to the Reserve Bank of Zimbabwe (RBZ), the centra