In one Harare suburb News24 visited two service stations where there was no fuel, while a third station was dispensing diesel to a queue of trucks and SUVs.
Customers were being limited to just $30 of diesel if they used their debit cards: any more than that had to be paid for in hard cash or local bond notes.
Meanwhile, Harare residents shared Whatsapp pictures of customers at some stores stocking up on basic commodities like cooking oil.
But central bank chief John Mangudya dismissed news of imminent shortages as “fake news”.
“There are no shortages of basic commodities,” he said in a statement. “On the contrary, foreign exchange currently being allocated for basic and essential commodities has instead been increased to ensure that shortages of commodities do not occur within the economy.”
Anger and fear
“Please don’t tell us not to panic. The value of money held in the bank is falling. There’s uncertainty, inflation and broken trust,” aspiring independent MP Fadzayi Mahere wrote on Twitter.
There are fears of a repeat of Zimbabwe’s 2007-2008 crisis, that saw hyper-inflation wipe out savings and empty shop shelves.
Prices of some goods are already increasing. Retailers say this is because they have to buy scarce foreign currency on the black market to restock.
‘Can we afford not to panic?’
Zimbabwe uses the US dollar, but US dollars have mostly disappeared from circulation. Bond notes, introduced last November to ease cash shortages, are also in short supply.
A supermarket in Harare’s Mount Pleasant suburb was issuing just two dollars as cash-back to customers on Saturday morning, but had stopped doing this by the afternoon.
“Can we afford to not panic?” asked Zimbabwean @TichRay on Twitter. “Can we afford to trust the monetary & fiscal authorities? Isn’t there precedence to justify our panicking?”
Post published in: Economy
Buyers/buyers mandate
We have Genuine and reliable Supplier of oil and gas products . If you have buyers that are ready and willing for the listed product.
At the moment seller company have Aviation Kerosene,Jet fuel (JP 54-JET,A1,5), Diesel (Gas Oil) and Fuel Oil D2, D6,spot for
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PRODUCT AVAILABLE IN ROTTERDAM/ CI DIP AND PAY IN SELLER EX-SHORE TANK.
Russia D2 50,000-150,000 Metric Tons FOB Rotterdam Port.
JP54 500,000-2,000,000 Barrels per Month FOB Rotterdam.
JA1 Jet Fuel 500,000-2,000,000 Barrels FOB Rotterdam.
D6 Virgin Fuel Oil 400,000,000-800,000,000 Gallon FOB Rotterdam.
Only serious BUYERS community can post or comment and reply us for SCO with a good workable procedures.
Regards
Igor Abramovich (Mr)
email: info.russiatrading@mail.ru
skype: info.russiatrading@mail.ru
We the EXPRESS OIL AND GAS a direct mandate to Refinery company here in Russia with allocation to Refinery seller with legal responsibility under penalty of Perjury hereby Confirm the Availability and Capability to Supply Jet fuel (Jp 54-A1,5) Diesel and Fuel oil D2,D6 e.t.c for Immediate Spot and Contract sales. The Supply is guaranteed to meet the Specifications and pass through the requirements. Only direct negotiations from end buyers, representative and mandates will be considered.
Email: expressoilandgas1@gmail.com or expressoilandgas@inbox.ru
Skype: expressoilandgas1@gmail.com
TERMS & OPERATIONAL PROCEDURE SPOT CI, DIP & PAY
1. B Seller Official Mandate issues SCO, and buyer issue ICPO with NCNDA/IMFPA is also signed by all Parties.
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3. Seller issue DTA for buyer to conduct dip test in seller’s Tank a Rotterdam, upon buyer/buyer tank farm signed of the DTA.
4. Buyer conducts dip Test in seller tank and immediately Inject the Product into their leased ex shore tank or vessel and seller issue Full POP to buyer including SGS Report.
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6. Buyer Lift the product and Seller Pays all intermediary Involved in the Transaction.
Best regards
Pavel Barkanov