Zimbabwe’s cash shortage is having an adverse effect on people’s health. CashMoney in physical form such as banknotes and coins. More is a daily necessity, but its unavailability is forcing women to spend hours in line in frontFacade, face. See Obverse. More of banks, hoping to get some hard currencyThe money used in a particular country at a particular time, like dollar, yen, euro, etc., consisting of banknotes and coins, that does not require endorsement as a medium of exchange. More.
Since March 2016, when the severe cash shortage began, people have been struggling to retrieve US dollars, the country’s alternative currency since 2009. As a result, the Zimbabwean central bank recently began issuing government bonds, “but that has done little to ease the pressure on services such as banking and healthcare”.
As men go out to look for work, women spend their days in the heat and sun – often with their children – waiting for their turn to get some cash. The fear of losing their place in line forces them to skip doctor’s appointments or go to the bathroom. As Siphiwe Esiphakathi, 62, states: “It’s painful. Coming to get moneyFrom the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... More feels like a daily job, but I can’t eat and I can’t drink water because I’ll lose my place in line”.
Maternal mortality is also going up as a result because hospitals are running out of liquidityDescribes the extent to which assets or rights can be converted into cash without causing a significant decrease in the asset’s price. Accordingly, liquidity is often inversely proportional to the profitability of the asset and involves the trade-off between the selling price and the time needed to convert it to cash. In finance, cash is considered the most liquid asset and cash is sometimes used as a synonym for liquidity (e.g. cash reserves; cash pooling…). More and cannot restock with essential medications. Furthermore, the HIV/AIDS cases are growing because some women are resorting to prostitution for a quick access to cash to feed their families.
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