This archive report was first published on 15 July 2019.
July 15, 2019 - Zimbabwe's economy continues to struggle, with the country's annual inflation rate hitting a staggering 175 percent in June, according to official data.
As a result, the Zimbabwe dollar, which was abandoned in 2009 due to hyperinflation, is no longer the national currency. Instead, the US dollar has been the dominant currency since then.
However, in a bid to revive the local currency, Zimbabwe introduced two parallel currencies - 'bond notes' and electronic RTGS dollars - which are set to combine and become the new 'Zimbabwe dollar'.
Despite President Emmerson Mnangagwa's promises to revive the economy after taking over from Robert Mugabe in 2017, the country's economic woes continue to worsen. Shop prices are skyrocketing, and long power cuts have become a norm.
Millions of Zimbabweans have fled abroad in search of work, and many more are now seeking to leave as conditions worsen.
