📉The economy in Zimbabwe is facing cash shortages and a reliance on bond notes.
💼The informal sector has become the largest employer in the country.
📉Industry and investment in Zimbabwe have collapsed, leading to a need for imports.
💵The bond notes issued by the Zimbabwean government have lost value, leading to a cash crisis.
💼Zimbabweans queue outside ATMs for hours to get a daily allowance of just $50.
What is causing the cash shortages in Zimbabwe?
—The cash shortages in Zimbabwe are caused by a reliance on bond notes and a collapsed economy.
What is the informal sector in Zimbabwe?
—The informal sector in Zimbabwe refers to small businesses and self-employment, which have become the largest employers in the country.
Why is Zimbabwe importing almost everything?
—Zimbabwe is importing almost everything due to the collapse of its own industry and investment.
What is the value of the bond notes in Zimbabwe?
—The value of the bond notes in Zimbabwe has declined, leading to a cash crisis.
Why are Zimbabweans queuing for hours at ATMs?
—Zimbabweans are queueing for hours at ATMs to get a daily allowance of just $50 due to the cash shortage and limited availability of bond notes.
00:00Despite appearances, the economy in Zimbabwe is struggling, with cash shortages and a reliance on bond notes.
00:20The informal sector has become the largest employer in the country.
00:57Industry and investment in Zimbabwe have collapsed, leading to a need for imports.
01:22The bond notes issued by the Zimbabwean government have lost value, leading to a cash crisis.
01:30Zimbabweans queue outside ATMs for hours to get a daily allowance of just $50.
02:32Zimbabwe has experienced a good harvest this year, but agriculture alone is not enough to boost the economy.
03:45The International Monetary Fund warns that a more ambitious plan is needed to rescue Zimbabwe's economy.
