Tag: informal economy

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As Zimbabwe’s Retail Sector Collapses, Black Market Becomes The Only Market

Once busy, many formal retailers across Zimbabwe have folded operations amid economic turmoil, an unstable currency system, and increased competition from the informal sector.
Once busy, many formal retailers across Zimbabwe have folded operations amid economic turmoil, an unstable currency system, and increased competition from the informal sector.

The price of doing business in Zimbabwean gold — the country’s latest currency — is too steep for many retailers, who can’t compete with an informal market still churning on U.S. dollars.

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