Mishma Chakanyuka, Staff Writer 
THE Famine Early Warning Systems Network (Fewsnet) sees the sustained depreciation of the Zimbabwe currency as a danger to food security for some low-income households, according to an update from the USAid programme.
The apparent lack of confidence in the Zimbabwe dollar (ZWL) has resulted in the unit’s significant devaluation, reducing most household incomes.
“Across the country, households are increasing their engagement in various casual labour opportunities, self-employment, and petty trade to earn additional income following the end of the harvest.
“However, income will likely continue to be impacted by low demand and limited liquidity by better-off households, especially in typical deficit-producing areas,” Fewsnet said in its May 2023 update.
By the end of May, the parallel, official auction system and interbank exchange rates had increased by about 100 to 150 percent compared to the previous month, marking a significant depreciation of the ZWL.
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