The permanent Secretary in the Ministry of Information, Publicity, and Broadcasting Services, Nick Mangwana, has said prices of commodities are “coming down.”
Mangwana attached a picture of cooking oil and Mazoe peach to the message he posted on Twitter. He said:
The prices are coming down. It’s all making sense.
Prices of commodities have been going up since the beginning of the year with authorities citing the war in Ukraine which affected trade in the geoeconomics arena.
Inflation was also being fuelled by the collapse of the Zimbabwe dollar that has since its reintroduction in June 2019 been losing value against other currencies, particularly the United States dollar.
The exchange rate on the informal market seems to have stabilised in recent weeks. Authorities attribute the relative stability to the introduction of the Mosi-oa-Tunya gold coins.
The Reserve Bank of Zimbabwe (RBZ) introduced the coins on the 25th of July 2022 in a bid to stabilise the economy by easing demand for US dollars and storing the value of money after the Zimbabwe dollar lost more than two-thirds of its value against the USD this year.
Some analysts argue that the relative stability might be shortlived hence the need for authorities to establish sustainable solutions.
Is this guy joking !!! Not from what I saw when doing my shopping yesterday kkkkkkkkkk. Prices marked “ON PROMOTION” were 20% higher than last week !!!
nick the nurse boy is a f u c k ing ed iot
nick the br i t is sh d i c k nu r se b o y
n i c k y the b r i t ish nurse b oy di ck
Even yawning demands effort to effect it… but with Nick Mangwana its effortless lying..
Absolute f uc ki ng bull sh ee t.
The street rate is back to 720 and climbing.
Tell us where you shop. That would be a service to the nation
Nonsense!!
Old Nick, simply towing the BS line, spouted by zpf! They all lie, and it’s proven. However, the fact that the citizens of this country have allowed them to stay in power, the fact that the MDC did nothing positive during its tenure in office, to reform the electoral system, as well as ignoring vote rigging since 1980. Add to that, the MDC did sod all, to reform the electoral system, voters were very quiet about vote rigging for DECADES, and greedy idiots, hell-bent on doing nothing more than keeping their tax-free “mercs ‘n perks” intact, is why ZImbabwe is now a ruin. A shorter, easier term would be “self-inflicted harm”, as you, the citizens have done nothing to minimise, let alone stop, vote rigging and zpf’s destructive rule!