Zimbabweans cope with the shortage of the dollars that count in various ways. The government grabs them from other people. On February 9th. it told the country’s banks to start selling all their hard- currency inflows to the central bank and the state petrol-importing monopoly, at the official rate. It said that Zimbabwean embassies abroad face power cuts because they cannot pay their bills. But if staff in Moscow felt chilly, the grab did not warm them. Exporters told their customers to delay payments.
Hard-currency inflows fell by some 90%, forcing the government to relent.
Business folk were relieved. The economy is so stormy that many exporters stay afloat only by selling American dollars on the black market. Others try to keep their foreign earnings offshore. This is not easy, since most sell tobacco, gold, roses and other goods that can be observed and recorded as they leave the country. But some quietly set up overseas subsidiaries to buy their own pr
A. if possible, imports will be replaced by the local products
B. some products can’t be produced without imported components
C. the people try to find a way m produce the local materials
D. a small lack leads to a big loss
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