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RE: LeoThread 2024-12-28 05:31

in LeoFinance10 months ago

Part 8/10:

Under Mujabe's mismanagement, the economy faced disastrous consequences. The government printed excessively, attempting to cover debts and fund lavish social programs. Inflation rates soared, eroding confidence in the Zimbabwe dollar and leading citizens to embrace foreign currencies for survival. The collapse was swift — by 2008, basic commodities became impossible to find, and professional sectors crumbled as talented individuals fled from a failing nation.

Amidst this turmoil, a semblance of hope emerged with a power-sharing agreement in 2009 that brought together differing political factions. The introduction of foreign currencies brought initial stability. However, this brief respite was short-lived, as Mugabe and his ZANU-PF party returned to manipulative tactics.