ZIM Digital

As the dollar shortage worsens, Zimbabwe's economy is in danger of failing. With relation to the US dollar, the value of the Zimbabwean currency has plummeted to a new low, and analysts fear things could become worse soon.

Since the Federal Reserve continues to pursue a restrictive monetary policy, the majority of emerging nations, particularly those in Africa, are in jeopardy.

The Federal Reserve voted to raise interest rates by 0.25%, as we noted here. As a result of the hike, the official deposit rate reached 5%, which is the highest level in more than ten years.

South African retailer Pick n Pay is expanding its Bitcoin coverage to all 1,628 stores across the African country following a three-month pilot testing phase in 39 locations.

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