Join 234 Naira / Login / Trending / Recent / New
Stats: 561 members, 0 topics. Date: February 26, 2020, 11:51 am
234 Naira Forum / NEWS / Inflation-Plagued Zimbabwe Is So Poor It Can’t Even Issue Passports, By 234crypto.com (2 Posts | 148 Views)
Atiku is a liar, widow of slain soldier says he didn’t phone her / Naked woman spotted walking on busy motorway with skirt on her head / Aisha Buhari, UN scribe, others demand rescue of Dapchi girls /
Inflation-Plagued Zimbabwe Is So Poor It Can’t Even Issue Passports, By 234crypto.com by adminchuck(m) : 7:58 am On Jul 05, 2019
Zimbabwe’s woes continue as the cash-strapped southern African nation is now so poor it cannot even issue its own passports.
President Emmerson Mnangagwa told reporters that the issuing company is refusing to do any further business with the government until it has settled its debts.
According to Reuters, however, the passport office is running short of specialized ink and paper and the necessary foreign currency reserves to purchase it with. Elsewhere, shortages for everyday items like bread and fuel continue to push more Zimbabweans to apply for international travel documents.
Inflation Rapidly Approaching 100% in Zimbabwe
Higher prices are spiraling out of control in the country, with Zimbabwe easily being the worst performing nation in the African block.
Only last week, authorities outlawed the use of other currencies as legal tender. In their place, the government installed a new Zim currency, temporarily referred to as the RTGS dollar.
Obvious Lack of Faith in the Local Currency
Zimbabwe was once lovingly referred to as the breadbasket of Africa. That label is now long gone thanks to the insane monetary policies of prior dictator Robert Mugabe. In 2008, Zimbabweans hoarded US dollars and South African rands in the aftermath of a local and global financial crisis.
The local currency became practically worthless overnight. The move to a multi-currency approach largely stabilized the country, but now citizens are fearing déjà vu as a new government takes the helm.
Ten years is not enough time to forget the effects of hyperinflation. Those days are still fresh in the memory of most citizens who became accustomed to carrying around million-dollar wads of cash.
Citizens Allegedly Offering Massive Premiums for Bitcoin
Amid the frenzy, local traders began offering massive premiums for Bitcoin on peer-to-peer exchange LocalBitcoins. Despite this massive deviation from the norm, Bitcoin still commands a premium in most southern African nations. Cross-border crypto-fiat arbitrage is difficult, even if cryptocurrency flaunts international borders.
With runaway inflation and untrustworthy authorities, wealth preservation appears to be front-and-center on the minds of many Africans. Zimbabwean finance minister Mthuli Ncube even hinted last year that cryptocurrency could play a part in solving the country’s cash shortages.
Nothing has come of that suggestion, though, and the crowding at the passport office is proof of it.
One applicant interviewed by Reuters, Bothwell Mhashu, is intent on escaping Zimbabwe’s economic troubles by joining his elder brother in Namibia. Passport or not, he’ll first have to navigate his country’s bureaucracy.
Download Link: .
Re: Inflation-Plagued Zimbabwe Is So Poor It Can’t Even Issue Passports, By 234crypto.com by baloguns65(m) : 9:09 am On Jul 06, 2019
AFRICA DATING AGENCY ORGANIZATION,THE BEST CERTIFIED RELIABLE AGENCY COMPANY IN NIGERIAN/GHANA
ARE YOU SEEKING FOR A RICH SUGAR MUMMY/DADDY/LESBIANS/GAY/ IN NIGERIA, GHANA, US, SPAIN, AND SOME OTHER PART FOR THE WORLD ANYONE INTERESTED SHOULD CONTACT AFRICA DATING AGENCY ORGANIZATION DATABASE ADMINISTRATOR IN NIGERIA VIA(+2348145236851)the only true legitimate agency for people who are seeking for rich and wealthy sugar mummy/daddy/lesbian/gay/ in Nigeria/Ghana u can also have the opportunity to attend our sugar mummies parties and the executive ladies and men parties by contacting Africa dating agency.
for all works of life, we covered all the state in Nigeria/Ghana/ we are fully registered and recognized
by CORPORATE AFFAIRS COMMISSION, read more
about us on our official
magazine called African dating magazine,were you find lots of comment and testimonies of people we have render our service from January 2010 up till date,
we have links with ladies who are EXECUTIVES, BUSINESS DIRECTORS, ENTREPRENEURS, BIG TIME OIL LADIES, BANKERS, GOLD DEALERS, LADIES WHO OWNS THEIR OWN COMPANIES, OIL RIGS, AND we also have them in FOREIGN COUNTRIES, LIKE DUBAI LONDON, PARIS, UNITED STATES OF AMERICA, we are around the world…. WE DELIVER UNIQUE, RELIABLE, CONFIDENTIAL SERVICE TO ALL OUR CLIENT But you must be very presentable, handsome, pretty and humble, you must also be very good on bed.
If you are very sure of yourself that you have all these qualities…. then contact African dating agency for hookup within 48 hours and make cool cash, anyone interested should start calling now for hookup…
Viewing this topic: 1 guest viewing this topic
|234 Naira - Copyright © 2015 Chukwuma Oraegbu (234 Naira). All rights reserved. Follow 234 Naira on Facebook and Twitter|
Disclaimer: Every 234 Naira member is solely responsible for anything that he/she posts or uploads on 234 Naira.