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What problems do the people face in Zimbabwe to get access to resources?
Wiki User
∙ 15y ago
Access to Resources in Zimbabwe is purely based on money, lots of it and usually in foreign currency (ZAR,USD or GBP). The Zimbabwean Dollar is now worthless and most shops, hospitals and businesses do not accept it as means of payment. So you have to either earn foreign currency or swap your Zimbabwan Dollars at some ridiculous rate for foreign currency on the black (or parallel) market. You can then use your foreign currency to buy food, fuel, medicines or anything else you need. There was a News clip this morning where starving people were scratching through a rubbish dump for food and eating directly from it. They scratched through and moved aside a ZW$10,000,000 note as it is worthless. So you can see that the ordinary Zimabwean who works for a company agrees to work, for example, for ZW$100,000,000 for the month. By the time the end of the month comes, that is now worth zero with the inflation rate in the hundreds of millions. Prices are doubling every day at least. In most cases, it costs more to get to work than you will earn in wages. So come the end of the month, this worker now queues for the whole day to withdraw his money and his ZW$100,000,000 may only buy him a loaf of bread which he can't find anyway and will probably have to find foreign currency to buy it anyway.
Wiki User
∙ 15y ago
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How the Zimbabwe could use the resource mention above improve the standard of living of people in Zimbabwe?
Hi im dimakatso and i love economics! The zimbabwean can use their resources by farming or agriculture that way u tackle both poverty and environmental problems
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