From hyperinflation to deflation, no end to Zimbabwe’s decline

Alfred Moyo sees two possible ways of moving stock from his hardware store in Mabvuku township on the eastern outskirts of Harare, Zimbabwe’s capital: selling it at a loss or giving it away.

“There’s simply no money out there,” he said in a phone interview. “It doesn’t matter if you’ve got $10 million worth of stock or $1,000 of stock, either way all you can do is sit it out and hope things will improve.”

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