Explainer - The latest cash crunch behind Zimbabwe's protests


  • World
  • Wednesday, 16 Jan 2019

FILE PHOTO: An illegal money changer counts dollar notes in Harare, Zimbabwe, January 10, 2019. REUTERS/Philimon Bulawayo/File Photo

HARARE (Reuters) - Protests against fuel price hikes in Zimbabwe have entered their third day, posing a major challenge for President Emmerson Mnangagwa who replaced long-time leader Robert Mugabe and promised to repair the creaking economy.

The crisis will not be easy to fix. There is a severe shortage of dollars, fuel and medicines, while inflation hit 31 percent in November, the highest in a decade. Foreign investors are, by and large, staying away.

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