Zimbabwe's currency shortages hitting retailers hard


A street vendor poses with new bond notes in the capital Harare, Zimbabwe, November 28, 2016.

JOHANNESBURG – Zimbabwe's largest food retailers are pleading with the reserve bank to address the country’s foreign currency shortages.

Pick n Pay and OK Zimbabwe said it is becoming impossible to buy imported goods from South Africa, Mozambique, and Zambia.

READ: Zimbabwe to continue use of foreign currencies

The central bank introduced local bond notes to fight the currency shortages.

Reserve Bank Governor John Mangudya said the bank is putting in place measures to avert food shortages. 

But, the retailers said stocks are low and will worsen if payments are not made for key products in the next few weeks.

Paid Content