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Zimbabwe’s cash crisis loom

Zimbabwe’s cash crisis is seeing no signs of abating. six weeks into his new administration and a recently appointed cabinet, it seems President Mnangagwa has his hands full trying to find solutions for a persistent cash crunch. The country’s new Finance minister introduced a new tax that sees consumers taxed 2% of every electronic transaction they make. This because most of the payments being made at this time are done electronically. The Minister calls this a necessary pain, but will this fix Zimbabwe’s economic woes. Economist, Eddie Cross joins me now via Skype from Zimbabwe.

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