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Petrol coupons traded as cash in Zimbabwe
Just a week after Zimbabwe got a new currency when the government lopped 10 zeros off bank notes to counter hyperinflation, a drastic shortage of cash has led to shops and businesses using petrol coupons as an alternative currency.
It also has counterfeiters switching from forging banknotes that cost as much to produce as they are worth to the far more lucrative business of turning out the
The new bank currency has lost more than half its value in a week on the black market. There is a desperate shortage of the notes, which were printed last year and are dated 2007 but remained in storage because their face value was wiped out until central bank removed the zeros.
The government is unable to print significant numbers of additional notes, in part because its supply of banknote paper has been cut off by its German supplier.
The situation has left businesses, which are barred from dealing in foreign currency, scrambling for an alternative and petrol coupons are suddenly in demand for more than fuel.
65 Comments on "Petrol coupons traded as cash in Zimbabwe"
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