The House She Built a Source of Conflict

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There was a time when everything seemed to be going right for Amara . She was a beautiful woman, not only in appearance but in the way she carried herself. She grew up in a loving home, surrounded by parents who worked hard and believed that their children should never lack opportunities. Her father was a respected man who worked tirelessly to provide for the family, while her mother was equally hardworking. They raised their daughters with discipline, kindness, and the belief that education and hard work were the keys to a good life. Amara was the elder daughter. Her younger sister, Nadia , was also intelligent and ambitious. The two sisters grew up watching their parents work together, and they learned an important lesson from them: nothing worthwhile comes without sacrifice. As the years passed, both sisters became successful in their own ways. Amara worked hard, saved her money, and eventually achieved something she had dreamed about since she was young. She bought a beauti...
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What can you buy with Zimbabwe's new 50 dollar banknote?

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50 dollar banknote?

What can you buy with Zimbabwe's new 50 dollar banknote?
FILE - A man counts a wad of the new Zimbabwean ten-dollar notes received from an ATM outside a bank in Harare on May 20, 2020.  -  
Copyright © africanews
JEKESAI NJIKIZANA/AFP or licensors
By Rédaction Africanews 

with AFP

ZIMBABWE

Zimbabwe's central bank on Tuesday announced the introduction of a new 50-dollar note, the country's highest denomination, worth only around US$0.60.

Insufficient to pay even for a loaf of bread, the bill's entry into circulation has revived memories of the hyperinflation the southern African nation experienced over a decade ago.

As price growth spiralled out of control, denominations at the time mounted as high as a 100-trillion-dollar note.

Award-winning journalist and government critic Hopewell Chin'ono scoffed at the new banknote, which at the unofficial black market exchange rate will be worth just $0.35 in US dollars.

"It tells you something about inflation in your country if you need 3 notes of your highest currency denomination to buy a premium beer in a supermarket," tweeted Chin'ono.

The new note is the latest and most valuable in a series introduced from February 2019 as Zimbabwe moved back to using local currency.

US dollars had been used since 2009, when the country trashed its own worthless units after hyperinflation reached 500 billion percent.

Now the new denomination is stoking fears of a return of the kind of hyperinflation that wiped out savings and collapsed the economy, with head-spinning daily leaps in the prices of goods and services.

Last year Zimbabwe's inflation rate soared to more than 800 percent, but it has begun easing with the June year-on-year rate officially at 106.64 percent, according to the National Statistical Agency.

The central bank had forecast inflation to slow to 55 percent in July.

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