Al Jazeera English published this video item, entitled “Zimbabwe inflation: Is investing in cattle the new cash cow?” – below is their description.
High inflation in Zimbabwe has led to a loss of public confidence in banks and conventional pension systems. Many are now looking for safer ways to protect their investments. And cows seem to be a safe bet for some.
Al Jazeera’s Haru Mutasa reports from Norton Zimbabwe.
Al Jazeera English YouTube Channel
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About This Source - Al Jazeera English
The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
Zimbabwe is a landlocked country in southern Africa known for its dramatic landscape and diverse wildlife, much of it within parks, reserves and safari areas. On the Zambezi River, Victoria Falls make a thundering 108m drop into narrow Batoka Gorge, where there’s white-water rafting and bungee-jumping. Downstream are Matusadona and Mana Pools national parks, home to hippos, rhinos and birdlife.