Zimbabwe bans Fruit, Vegetable imports as Forex Crunch Deepens

Posted on:18 Oct 2017 14:39:03
Zimbabwe bans Fruit, Vegetable imports as Forex Crunch Deepens
18 October 2017 Current Affairs: The east African landlocked country Zimbabwe, with immediate effect, banned the import of fruits and vegetables to preserve the scarce foreign currencies.

Last year Zimbabwe spent more than $80 million on fruit and vegetables which included tomatoes, onions, carrots, grapes, apples and oranges.

Many of the Zimbabweans are keeping U.S. dollars at home or they are spending in buying Hard Currency on the black market. This same situation was prevailing during the period of hyperinflation a decade ago.
The east African landlocked country Zimbabwe, with immediate effect, banned the import of fruits and vegetables to preserve the scarce foreign currencies.

Last year Zimbabwe spent more than $80 million on fruit and vegetables which included tomatoes, onions, carrots, grapes, apples and oranges.

Many of the Zimbabweans are keeping U.S. dollars at home or they are spending in buying Hard Currency on the black market. This same situation was prevailing during the period of hyperinflation a decade ago.

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