Friday, December 25, 2009

Improved economy lifts Zimbabwe spirits - 25 Dec 09

After years of Hyperinflation Zimbabwe seems to improve this Christmas after the government have decided to change the currency


Last year, residents of Zimbabwe were suffering with the highest rate of inflation in the world, an a chronic shortage of even the most basic goods.

But 12 months later, goods are back on the shelves of local grocers due in part to the government's decision to replace the Zimbabwe dollar with the South African rand and the US dollar.

The improved economy has lifted sprits across the country in time for Christmas.

But as Al Jazeera's Haru Mutasa reports, more than 85 per cent of the population is still formally unemployed, despite the improvements.

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