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Seated on a wooden chair inside his dilapidated shack in the Harare township of Mbare, primary school teacher Moses Majuru, 40, is both anxious and excited about the week ahead. Life has become a bit easier recently thanks to the Zimbabwean government's decision on Jan. 29 to abandon the Zimbabwean dollar for a raft of foreign currencies, including the U.S. dollar and the South African rand. "I am earning in real money. It feels good," says Majuru. "I can now put food on the table and feed my family." A smile spreads across his face...

Author: /time Magazine | Title: Has Zimbabwe's Runaway Inflation Been Tamed? | 3/26/2009 | See Source »

...change is more than welcome. Prices now stay constant for days - a novel concept in a country where shop owners had until recently recalculated prices twice a day. "This allowance, though not enough, sees me through the month," says Majuru. "I can plan what my salary can and cannot buy since prices have stabilized. I could not do that when our dollar was the official currency...

Author: /time Magazine | Title: Has Zimbabwe's Runaway Inflation Been Tamed? | 3/26/2009 | See Source »

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