Zimbabwe: Parliament Demands Answers Over Closure of Retail Outlets Amid ZWG Fluctuation

The recent closure of once-thriving retail outlets due to the economic meltdown, driven by currency depreciation, has prompted Parliament to demand an explanation from Finance Minister Mthuli Ncube.

Several retail outlets have closed branches in the country as businesses continue to struggle under the challenging economic environment.

The country’s sixth currency, Zimbabwe Gold (ZiG) is losing value against the US$, currently trading at ZiG40 against the dollar on the black market.

During a recent…