The price of bread has done what?!?

Dear ZIMBOCASH family,

As we write this, Zimbabwe is entering hyperinflation again. When we went live with our ZASH vendor program the price of bread was Z$ 115, today the price is over Z$ 900. That is almost nine times the price it was two months ago.

It is not just the Zim dollar — the US dollar is also deteriorating fast in trade. When we started this program the price of bread was US$ 0.50, today using the relative street rate, it is just under US$ 1.50. That is almost a 3 times increase in two months.

How can anyone save in US dollars when the amount you can buy with those savings reduces so significantly?

The only solution to Zimbabwe’s problems is sound money. Money printing is the fundamental cause of inflation and the only solution to this problem is to fix the supply of money. This is what we are doing with ZIMBOCASH. There is a finite amount of ZASH. Once they are allocated to people, no more can be created.

Update from our side
Our pilot program has been working really well. People have been queuing in front of the store from 4am in the morning to be able to buy their food with ZASH.

In this program, vendors can sell their goods to ZASH users at an exchange rate of US 2c per ZASH. The market maker cashes out the vendors at the same rate.

We are in conversations with several vendors and in particular, few farmers, to bring their produce into the vendor program. They will be supplying to the informal market, starting in Bulawayo. We want to incentivise entire supply chains to use ZASH.

We are working on implementing our Buy Now button to enable users to buy more ZASH using Zim dollars, rands and other currencies. We will keep you posted as it progresses.

There are many moving parts and we ask for your patience. We need to increase the number of vendors, we need to incentivize the broader supply chains and we need to increase the broader on-ramps set up inside of the wallet.

As a diversified team inside Zim and across the nations, our hearts are together with you as the pain of hyperinflation begins to set in once again.

Our entire team is passionate about seeing the dream of sound money becoming a reality in Zim. Thank you for your patience.

If you have not yet signed up to receive your free ZASH, you can do so at: . You can also sign up when you download the ZASH app.

Kind Regards

The ZIMBOCASH Team

READ MORE

Steps to cash-out if you are a vendor

Steps to cash-out if you are a vendor

To our ZIMBOCASH FamilyWe trust that the year has started off well for you! What has been brewing? Many of you have been waiting for an update. You asked, and we have been listening. At the end of last year, we told you that we were working on a partnership that we...

read more
Our latest app launch, and something else brewing…

Our latest app launch, and something else brewing…

Dear ZIMBOCASH family If you haven’t downloaded the ZIMBOCASH app you should do so now. To download click here www.zitenga.com/PlayApp We’ve had some great feedback since the launch of our ZIMBOCASH app this weekend. We’ve had 1.48k+ downloads. We’re also pleased to...

read more
The ZIMBOCASH app is… Live

The ZIMBOCASH app is… Live

Dear ZIMBOCASH family We are so proud to announce that the ZIMBOCASH app is live for android users!!! Download it now at the Google Play Store and you can be making payments in minutes.   At ZIMBOCASH, we’re passionate about establishing a decentralized sound money...

read more
ZIMBOCASH Tour… And now for Harare!

ZIMBOCASH Tour… And now for Harare!

Hi ZIMBOCASH Family Our roadshow around Zimbabwe has been a revelation. Everywhere we have gone, people are suffering from the pain of money printing. The collapsing Zimbabwe dollar, and the rise in prices for ordinary people, is causing most people to suffer greatly....

read more
You won’t believe this Prof Steve Hanke tweet

You won’t believe this Prof Steve Hanke tweet

  Hi ZIMBOCASH Family   There is so much going on right now in the ZIMBOCASH space. We’re midway through an epic roadshow. Bulawayo was awesome with over 130 people. We have gone to the highways and byways around Bulawayotalking to people about the sound money...

read more
We’re coming to your towns

We’re coming to your towns

  Hi ZIMBOCASH Family We’re so excited about our tour around Zimbabwe. We’re coming to each of the major towns throughout Zimbabwe. We want to meet with you, to hear your stories and to share with you the good news of sound money in Zimbabwe. Here is our initial...

read more
We’re coming to Zimbabwe for our roadshow!

We’re coming to Zimbabwe for our roadshow!

  Hi ZIMBOCASH Family We're touring the country starting the week beginning 27 September – wooohoooo!  Our focus is to educate people about what we are doing and raising leaders in each of the Zimbabwean towns and cities.  Of course, there will be t-shirts and...

read more
And, the winners are….

And, the winners are….

  Hi ZIMBOCASH Family If you’re new to the ZIMBOCASH movement, we’ve enabled payments of a sound money token called ZASH. If you’re Zimbabwean you get a free allocation when you verify your ID. You can go online at www.zitenga.com/login to sign-in or...

read more