Email 
Print 
IN BRIEF: Zimbabwe's new economic frontier
Source: IRIN
Reuters and AlertNet are not responsible for the content of this article or for any external internet sites. The views expressed are the author's alone.
HARARE, 23 January 2009 (IRIN) - As the
official Zimbabwe dollar withers away as a unit of value – despite the recent launch of a trillion dollar note – alternative currencies are emerging in the hyperinflationary whirl. If
you are lucky, in your wallet you may have US dollars, South African rand, Botswana pula or Zambian kwacha. But also accepted on the informal-turned-formal market are petrol coupons or pre-paid phone
cards – almost anything denominated in a convertible foreign currency. And then there is old-fashioned barter, which has made a comeback. In Mashonaland Central Province, in the north of the
country, a full-grown cow can be had for five 50kg bags of maize-meal – the equivalent of roughly US$165. A goat is a snip at just one 12.5kg bag – about US$8.50. In both rural and urban
areas, even second-hand clothes have an exchange value. How is value determined? "Value is based on how much you need something," said one NGO worker. oa/he© IRIN. All rights reserved.
More humanitarian news and analysis: http://www.IRINnews.org
