Citizen — Just recently we reported that Zimbabwe was thinking of introducing a new currency in November, amidst a financial crisis. News coming from Citizen indicates a problem with fuel price in recent times and it is reported they have gone up by 25 percent.
That’s a sharp increase given the already troubled financial structure. The government had intended to raise fuel prices before and when they did a few months back this incited a riot that saw some being killed at the hands of the military.
For months people have struggled to cope with the situation and more continue to face challenges as new laws are formed and some lifted on a constant basis. The problem extended not only for the water and commodities, but for electricity, too. There have been some problems with electricity supply throughout the country. Sometimes electricity can go out even in major cities for days on end, sometimes coming back for three hours early in the morning before shutting down.
The country’s main telecommunications network has also been suffering which was the only way people could communicate with each other, and the largest telecoms company was even forced to sign a contract to use Tesla batteries for their base stations.
It’s not clear what’s intended to happen or how this problem is supposed to end. Clearly it has some adverse effects because inflation is also affecting the country since the transition from foreign currencies to their own RTGS currency. There are some who speculate that the inflation has gone up by 300 percent and Bloomberg reported that it it up by 900 percent.
Without official numbers from a statistics body in Zimbabwe, estimates will be through around that will mask the real truth. Either way, this has been the problem since the beginning. The people have been asking for transparency since the beginning and they have not been getting it. — Citizen