The Price Of Bread Escalates
The price of bread has escalated to $45 thereby worsening the living standards of the general populace in Zimbabwe.
This comes when the coronavirus-induced lockdown has locked most Zimbabweans away from their sources of income.
Resultantly, some have resorted to finding cheaper foods including sweet potatoes (mbambaira/imbambaila) as alternatives to regular diets.
Some have even reduced the number of meals to two or one while some go for a day without food in the worst-case scenarios.
The government has been criticised for failing to fulfil its pledge to assist the most vulnerable families and groups during the lockdown.
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The Minister of Finance, Professor Mthuli Ncube had announced that the government set aside some money which would see vulnerable families receiving $200 each.
Meanwhile, with the rate at which the local currency is losing value, the money will be useless by the time it will reach the intended beneficiary.
As of 3 June 2020, one United States dollar traded for about $76 (electronic) or $55.4 (cash) on the parallel market which means the $200 cushion is equal to US$3.50 or less.
To make matters worse, local businesses are reportedly rejecting the local currency which they say is not a store of value.
