The Presidential Daily Brief

intriguing

  1. Zimbabwe is One of Africa’s Poorest Countries – and Most Expensive

    The average monthly wage is $253. So why does a can of Coke cost $2? After a decade of hyperinflation and the emergency adoption of the U.S. dollar, Zimbabwe is slowly recovering from an economic crisis that puts Wall Street to shame. But costs of household goods are still far higher than in any of its neighboring countries, and 70 percent of goods are imported from wealthier African countries, mostly South Africa. Zimbabwe effectively runs two economies: the government’s which few can afford and the unofficial black market.

    Source: New Republic

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