PROTESTS ERUPT AS ZIMBABWE NOW HAS THE MOST EXPENSIVE GASOLINE IN THE WORLD | WHAT REALLY HAPPENED


PROTESTS ERUPT AS ZIMBABWE NOW HAS THE MOST EXPENSIVE GASOLINE IN THE WORLD

Zimbabwe is once again at the brink of economic collapse, making a mockery of President Emmerson Mnangagwa’s claim that the country is open for business.

As Bloomberg reports, many shops and factories have shut their doors because of a lack of customers and those that continue to trade are open to haggling over prices to secure hard currency. At an appliance shop in the capital, Harare, a salesman whispers that a Whirlpool Corp. washing machine priced at about $5,000 if paid for electronically will sell for $1,500 in cash, while at a nearby electrical warehouse, a $600 invoice is whittled down to $145 for payment in dollar bills.

But, as OilPrice.com's Tsvetana Paraskova reports, Zimbabwe is on a three-day nationwide strike and protests are erupting in the streets after the government of the southern African country doubled fuel prices, making gasoline sold in Zimbabwe the most expensive gasoline in the world.

Webmaster's Commentary: 

It seems as though corruption has so firmly taken root in this country, that it will take a long, long time to see it free and clear, of that influence, before the people of Zimbabwe are able to get their country back.

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