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Zimbabweans ditch the falling SA rand

by Staff reporter
24 Oct 2015 at 15:38hrs | Views

Zimbabwean consumers and public service users across the country intending to trade in the South African rand, are facing challenges as traders reject the currency which continues to lose value against the US dollar.

According to online reports, retail shops in both rural and urban areas who are also not accepting the rand leaving desperate families who rely on relatives living and working in South Africa, feeling the pinch.

The rand has in recent months tumbled to record lows against major currencies such as the dollar, the euro and the pound sterling.

The Zimbabwe National Road Administration is no longer accepting the rand as tollgate charges.

Most state and private institutions such as hospitals and clinics are also turning away clients using the rand, leaving scores of people in need of essential services stranded.

Source - online
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