Facing forex shortage, Zimbabwe black market traders patch up soiled dollar notes

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Zimbabwean black market currency trader Cuthbert Gudza holds up a $2 dollar note to assess a tear in it, and delicately applies glue to make it whole again. He then leaves it in the sun to dry out, declaring it's 'as good as new'.

Cuthbert Gudza, 33, a street money trader repairs a torn U.S. banknote, outside a shopping centre, in Kuwadzana township, Harare, Zimbabwe January 18, 2023. REUTERS/Philimon Bulawayo

Following the collapse of the Zimbabwe dollar in 2009 amid record-breaking inflation, locals have relied on the greenback for daily transactions. But with limited access to the U.S. currency, some grimy notes are making a fresh comeback. At the shopping centre, a booming voice from a portable speaker shouts: "We buy torn dollars at a good price, rush here."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Don't ever leave the US with torn notes. Even banks will refuse them in my experience.

Because zanupf it's a cartel organisation

I just wonder whats going wrong in Africa so that most countries are struggling.

All that time, skill, and effort to piece together US paper? Tragic situation on many levels.

U.S currency is in short supply because of the Biden family syndicate operations.

George clooney.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in CA

Canada Canada Latest News, Canada Canada Headlines