NPR

Mugabe's Gone, But Zimbabwe Still Has A Serious Cash Shortage

The lack of hard currency is a severe problem for the southern African nation.
Zimbabweans stand in line in front of NMB bank in Harare. Zimbabwe has been facing a major cash shortage for the past two years, a symptom of the country's larger and longer economic crisis. Source: Claire Harbage

It's a little after 8 a.m. on a Wednesday morning in downtown Harare, and Brandon Moyo has been waiting in line for the ATM for over four hours already. He's hoping to withdraw $20 — but it's not looking promising. There are over 20 people in front of him and bank officials have already warned they might run out of cash before he gets to the front.

Moyo is from a small farming town about 65 miles outside of Harare. He says banks in his town usually don't have any cash at all these days, so he

You're reading a preview, sign up to read more.

More from NPR

NPR4 min readSociety
After Felony Conviction, Iraq War Veteran Faces Deportation To Mexico
Edgar Baltazar Garcia got into some serious trouble after he came home from war. Now, he faces deportation over a felony conviction unless an immigration judge decides to let him stay in the U.S.
NPR2 min read
Academy Leaves Door Open To Netflix After Tussle Over Oscars Eligibility Rules
A controversial proposal would have limited the ability of streaming services to compete for Oscars. But after a dust-up that even included the Justice Department, the academy decided against it.
NPR2 min read
Philippines' Duterte Talks Trash (Literally) To Canada, Threatening War Over Garbage
More than 100 shipping containers had been declared to hold recyclable plastic scraps. But when they arrived in Manila, officials found household trash, including adult diapers.