Zimbabwe's currency further tumbles against U.S. dollar

STORY: Zimbabwe's currency further tumbles against U.S. dollar SHOOTING TIME: Jan. 17, 2024 DATELINE: Jan. 18, 2024 LENGTH: 0:04:55 LOCATION: Harare CATEGORY: ECONOMY SHOTLIST: 1. various of Zimbabwe 2. SOUNDBITE 1 (English): PROSPER CHITAMBARA, Economist 3. various of Zimbabwe 4. SOUNDBITE 2 (English): CHRISTOPHER MUGAGA, Chief Executive Officer, Zimbabwe National Chamber of Commerce 5. various of Zimbabwe 6. SOUNDBITE 3 (English): DENFORD MUTASHU, President of Confederation of Zimbabwe Retailers 7. various of Zimbabwe 8. SOUNDBITE 4 (Shona): ELISHA MANGACHENA, Local Worker 7. various of Zimbabwe 8. SOUNDBITE 5 (Shona): VELMA MUCHONGWE, Trader STORYLINE: The cost of goods and services keeps on increasing in Zimbabwe as the local currency depreciates against the U.S. dollar, a trend that accelerated at the beginning of 2024. The local dollar, which officially traded at 6,192 per 1 U.S. dollar on Jan. 2, is trading at 8,746 as of Jan. 17, according to the Reserve Bank of Zimbabwe daily exchange rate update

U.S. dollar usage surge draws concern in Zimbabwe as local dollar slides

STORY: U.S. dollar usage surge draws concern in Zimbabwe as local dollar slides DATELINE: Feb. 25, 2023 LENGTH: 0:01:54 LOCATION: Harare CATEGORY: ECONOMY SHOTLIST: 1. various of Zimbabwe 2. SOUNDBITE 1 (English): PROSPER CHITAMBARA, Economist 3. SOUNDBITE 2 (English): CHRISTOPHER MUGAGA, Economist 4. SOUNDBITE 3 (English): DENFORD MUTASHU, President of the Confederation of Zimbabwe Retailers STORYLINE: Despite not being officially dollarized, the Zimbabwean economy has largely accepted the U.S. dollar as the medium of trade. Economists warn that the increased use of the greenback has brought challenges to the local economy. SOUNDBITE 1 (English): PROSPER CHITAMBARA, Economist "So when you are dollarized, the government is not able to fully influence macroeconomic aggregates through the monetary policy or even through the fiscal policy, so using the local currency allows us enough degrees of freedom to be able to influence macroeconomic objectives and aggregates and developments within the economy." SOU