The Zimbabwe dollar is worthless, and even rural cattle farmers know it.
There is no meat in Harare shops since price controls were imposed last summer, so a journalist and four friends journeyed to the countryside to purchase live meat on the hoof. They brought along a huge stack of Zimbabwean currency to buy a load of steaks, but no one would deal.
Our money was no use. "What will I do with that pile of useless paper?" one old man shouted at me. "I want South African Rand or Botswana Pula, not that rubbish!" And he waved his axe at me angrily.Bongani Dlomo, a villager in Lupane, explained a little more politely: "If I sell you a beast today for Zimbabwean dollars I will have to go to town and spend it immediately, at least within a couple of days, before it loses its value."
He said a goat would cost me 200 rand or 160 pula, and an ox around 800 rand or 700 pula. He didn't want to know about the Zim dollar.
When someone offers acceptable currency for a beast, the seller buries the money in the family cache until they need to travel to town for supplies. Other currencies appreciate as the Zimbabwe dollar continues to fall, so the hidden cash earns a capital gain. Better than keeping it in a bank.
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