Thursday, July 5, 2007

Zimbabwe bans bulk buying as shops run empty

(Reuters) - Zimbabwe authorities ordered businesses on Thursday to stop selling basic goods in bulk to avert shortages after an official price freeze triggered a frenzied buying spree that has emptied most shop shelves.

President Robert Mugabe's government last week ordered businesses to roll back prices to June 18 levels after wild increases of up to 300 percent within a week following the plunge of the local currency on a thriving black market.


Read more at Reuters Africa

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