News / National
Bread price still $1 in Byo
20 Mar 2015 at 11:41hrs | Views
The price of bread had by Friday morning still not been breduced in several retail outlets in Bulawayo from US$1 per loaf to between $0.85 to $0.99.
Early this week, bakers, millers and retailers entered into an agreement to slash the cost as from Friday.
However, a snap survey by Bulawayo24.com in shops within the CBD revealed that the old $1 tag still prevails.
Shop keepers said they have not received any official communication from their bosses.
"Bread is still $1 here. We only saw on TV that the price will be reduced from today and nothing official has come through," said Samantha Choto from a leading chain store.
Another shop attendant said many customers were disappointed when they made to pay a $1.
"It's not our fault that we still charge a $1. The reason is announcements are made through the press prior to shops being notified. So until we get official communication we will continue selling for a $1,".
Grain Millers Association of Zimbabwe Tafadzwa Musarara on Wednesday that the price of bread should reflect the new development.
"The price of bread is going to come down as from Friday morning.
"We expect that as from Friday bread prices will range from 85 cents to 99 cents. The reason why bread was all selling at $1 was largely due to issues of change but we now have coins."
Since the introduction of multiple foreign currencies in 2009, which involved the widespread use of the US dollar in everyday transactions among the people, the price of bread has generally been pegged at one USD because of a shortage of coins.
The Reserve Bank of Zimbabwe (RBZ) in December last year introduced "bond coins" which have the same value as the US coins in denominations of one, five, 10 and 25 cents with the 50 cent coin set to be introduced this month.
Early this week, bakers, millers and retailers entered into an agreement to slash the cost as from Friday.
However, a snap survey by Bulawayo24.com in shops within the CBD revealed that the old $1 tag still prevails.
Shop keepers said they have not received any official communication from their bosses.
"Bread is still $1 here. We only saw on TV that the price will be reduced from today and nothing official has come through," said Samantha Choto from a leading chain store.
Another shop attendant said many customers were disappointed when they made to pay a $1.
"It's not our fault that we still charge a $1. The reason is announcements are made through the press prior to shops being notified. So until we get official communication we will continue selling for a $1,".
Grain Millers Association of Zimbabwe Tafadzwa Musarara on Wednesday that the price of bread should reflect the new development.
"The price of bread is going to come down as from Friday morning.
"We expect that as from Friday bread prices will range from 85 cents to 99 cents. The reason why bread was all selling at $1 was largely due to issues of change but we now have coins."
Since the introduction of multiple foreign currencies in 2009, which involved the widespread use of the US dollar in everyday transactions among the people, the price of bread has generally been pegged at one USD because of a shortage of coins.
The Reserve Bank of Zimbabwe (RBZ) in December last year introduced "bond coins" which have the same value as the US coins in denominations of one, five, 10 and 25 cents with the 50 cent coin set to be introduced this month.
Source - Byo24News
