Worried Zimbabweans fill up cars and stockpile goods, bank sees improvement soon


  • World
  • Saturday, 06 Oct 2018

FILE PHOTO: Zimbabwean President Emmerson Mnangagwa at a news conference at State House in Harare, Zimbabwe, Aug. 3, 2018. REUTERS/Philimon Bulawayo/File Photo

HARARE (Reuters) - Zimbabwe's central bank governor sought to reassure the public on Saturday as people again formed long queues to fill up their cars in the capital, with others panic-buying basic goods like cooking oil and sugar.

The panic has been caused by recent changes introduced by the government and a worsening U.S. dollar crunch, but the governor, John Mangudya, told Reuters that people should not be worried and that he expected an improvement in the next 48 hours

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

North Macedonia votes in elections crucial for EU accession
U.S. crude oil inventories up last week: API
Disney reports strong Q2 earnings for fiscal 2024
U.S. stocks end mixed with Disney sinking post earnings
Three men accused in Canadian Sikh leader's death appear in court
Trump documents trial start delayed indefinitely, judge orders
Ukraine hits oil depot in Russian-held city, local leader says
U.S. stocks close mixed
Italy bans NGO planes from using airports close to migrant routes
Crude futures settle lower

Others Also Read