Zimbabwe’s Lack of Cash for Once Is a Good Thing
By Ray Ndlovu
Zimbabwe’s severe cash shortage is providing the impoverished southern African country with some relief in the fight against the coronavirus: One less way of spreading the disease.
About 90% of transactions are done digitally after an economic collapse caused foreign currency and local bank notes to dry up. While Zimbabwe only has two cases of Covid-19, the government has declared a national emergency as an outbreak could overwhelm the health system in a nation battling shortages of everything from fuel to food.
Photo courtesy of Kay McGowan / USAID.
Source: VCCircle (link opens in a new window)
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- Coronavirus, Finance
