Zimbabwe inflation: People seek safe ways to protect their savings

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Al Jazeera English

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Zimbabwe inflation: People seek safe ways to protect their savings


Zimbabwe has one of the highest inflation rates in the world.
With the local currency constantly losing value, people are looking for safe and reliable ways to protect their earnings.

Al Jazeera’s Haru Mutasa reports from the capital, Harare.

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8 Comments

  1. Unfortunately exchanging national currency to foreign currency amplifies inflation. Any dependency on imports is doubly damaging. The best thing is to make investment arrangements in local production for local consumption. Farmers and their customers for example. It’s the only way to stabilize without economic collapse.

  2. I have an uncle and auntie living in one of these rich suburbs of Harare, and understand perfectly well that they could lose it all in a second due to the complexities of Zimbabwe, and it's political situation. I would really like to see a positive change in Zimbabwe, but what is taking so long?🙄