The price of bread in Zimbabwe doubles


Link: https://allafrica.com/view/group/main/main/id/00067350.html 

In Zimbabwe, the prices for food and the cost of living had risen this week and the people have started to take notice. While reading the article, there were some things that I didn't really understand. Starting with Zimbabwe's money system. Zimbabwe uses a thing called RTGS which means Real Time Gross Settlement. I looked it up and it was an electronic payment system that allows individuals to transfer funds between banks. According to the Consumer Council of Zimbabwe, the cost of living for a family of six had risen to RTGS $790 from RTGS $781 and they are expected to be much higher towards the end of April. Also, as of this morning, 4/16, the price of a loaf bread went up 70 percent to RTGS $3.30 from RTGS $1.80. There are other food and cooking essentials that have gone up in prices as well. "We anticipated this, as soon as we heard that government had agreed to increase price of wheat and maize" CCZ executive director, Roselyn Siyachitema said. A couple of months ago, the government had increased salaries and because of that, the people feared that that would trigger inflation. While food inflation continue to happen because of the government, there hasn't been any talk about adjusting the prices so it can be affordable for the civilians. 

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