{"id":66271,"date":"2022-09-16T17:09:43","date_gmt":"2022-09-16T15:09:43","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites"},"modified":"2022-09-16T20:05:45","modified_gmt":"2022-09-16T18:05:45","slug":"retailers-reduce-prices-as-liquidity-crunch-bites","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites","title":{"rendered":"Retailers Reduce Prices As Liquidity Crunch Bites"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>Shops have reportedly started to reduce prices following a similar move by manufacturers who are reducing prices for goods supplied using forward pricing models.<\/p>\n

The development follows plummeting consumer demand due to the prevailing liquidity crunch.<\/p>\n

According to a Business Weekly report, some suppliers are now issuing credit notes to retailers so that they can reduce their prices.<\/p>\n

Shopowners are being given a choice either to be refunded or to get products worth the value of the note. An executive with a leading retail chain is quoted as saying:<\/p>\n

Retailers are now holding too much stock because no one is buying; it\u2019s a combination of high prices because the suppliers had used forward costing models; and the prevailing liquidity crunch.<\/p>\n

Retailers Association of Zimbabwe Denford Mutashu told Business Weekly on Wednesday that customer traffic into formal shops had declined by an average of 35 per cent. Said Mutashu:<\/p>\n

It\u2019s critical for authorities to increase the injection of some liquidity into the market as the economy continues to contract.<\/p>\n

The economic growth projections may be somewhat a mirage.<\/p>\n

The velocity of money is key to any economy thriving to maintain its growth trajectory. There is a need to essentially balance the tight monetary trajectory with a necessity for effective demand.<\/p>\n

In July the Reserve Bank of Zimbabwe (RBZ) introduced gold coins as an alternative to store value instead of US dollars.<\/p>\n

Harare-based economist, Victor Bhoroma, said though prices were falling, demand for fast-moving consumer goods has also fallen as well. He said:<\/p>\n

It is true that prices are going down, consumer demand for fast-moving consumer goods has slumped and the free-market exchange rate has retreated.<\/p>\n

This is largely due to the non-payment of government contractors and suppliers and the mopping of excess liquidity by the central bank through daily and weekly Negotiable Certificates of Deposits (NCDs) to commercial banks locally.<\/p>\n

The interventions will not replace the need for a market-driven foreign exchange market and the need for the central bank to end all quasi-fiscal operations that lead to untenable money supply growth in the economy.<\/p>\n

Hence, it is necessary to give it time and assess Government\u2019s sincerity to critical reforms that bring long-term economic stability.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Shops have reportedly started to reduce prices following a similar move by manufacturers who are reducing prices for goods supplied using forward pricing models. The development follows plummeting consumer demand due to the prevailing liquidity crunch. According to a Business Weekly report, some suppliers are now issuing credit notes to retailers so […]<\/p>\n","protected":false},"author":84,"featured_media":66270,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4,35,15],"tags":[1493,2189,1079,11854,284,5311,19],"class_list":{"0":"post-66271","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-community","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-price-increases","14":"tag-price-reduction","15":"tag-prices","16":"tag-retailers","17":"tag-zimbabwe"},"yoast_head":"\nRetailers Reduce Prices As Liquidity Crunch Bites - zimbabwe<\/title>\n<meta name=\"description\" content=\"Shops have reportedly started to reduce prices following a similar move by manufacturers who are reducing prices for goo ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retailers Reduce Prices As Liquidity Crunch Bites\" \/>\n<meta property=\"og:description\" content=\"Shops have reportedly started to reduce prices following a similar move by manufacturers who are reducing prices for goo ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-16T15:09:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-16T18:05:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_19-6324bad15ce47.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1167\" \/>\n\t<meta property=\"og:image:height\" content=\"1344\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites\",\"name\":\"Retailers Reduce Prices As Liquidity Crunch Bites - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_19-6324bad15ce47.jpg\",\"datePublished\":\"2022-09-16T15:09:43+00:00\",\"dateModified\":\"2022-09-16T18:05:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\"},\"description\":\"Shops have reportedly started to reduce prices following a similar move by manufacturers who are reducing prices for goo ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_19-6324bad15ce47.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_19-6324bad15ce47.jpg\",\"width\":1167,\"height\":1344,\"caption\":\"Retailers Reduce Prices As Liquidity Crunch Bites\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.cc\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Retailers Reduce Prices As Liquidity Crunch Bites\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Retailers Reduce Prices As Liquidity Crunch Bites - zimbabwe","description":"Shops have reportedly started to reduce prices following a similar move by manufacturers who are reducing prices for goo ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites","og_locale":"en_US","og_type":"article","og_title":"Retailers Reduce Prices As Liquidity Crunch Bites","og_description":"Shops have reportedly started to reduce prices following a similar move by manufacturers who are reducing prices for goo ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites","og_site_name":"zimbabwe","article_published_time":"2022-09-16T15:09:43+00:00","article_modified_time":"2022-09-16T18:05:45+00:00","og_image":[{"width":1167,"height":1344,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_19-6324bad15ce47.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites","name":"Retailers Reduce Prices As Liquidity Crunch Bites - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_19-6324bad15ce47.jpg","datePublished":"2022-09-16T15:09:43+00:00","dateModified":"2022-09-16T18:05:45+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4"},"description":"Shops have reportedly started to reduce prices following a similar move by manufacturers who are reducing prices for goo ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_19-6324bad15ce47.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_19-6324bad15ce47.jpg","width":1167,"height":1344,"caption":"Retailers Reduce Prices As Liquidity Crunch Bites"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/retailers-reduce-prices-as-liquidity-crunch-bites#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.cc\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"Retailers Reduce Prices As Liquidity Crunch Bites"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/66271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/comments?post=66271"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/66271\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media\/66270"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media?parent=66271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/categories?post=66271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/tags?post=66271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}