06 September 2009

Retail Shake-Up

The end of the summer saw stores that deal in the more pricey convertible peso undergoing big changes. Many had been relieved of all their merchandise, as they were being put under new management. The miliary and some of its joint-stock subsidaries are taking over some chains that had been hemmoraging losses due to merchandise diverted into the black market (i.e. stolen goods).

This occured at the same time that the National Assembley passed legislation creating a high constitutional office of Comptroller that is supposed to perform widespread audits and combat corruption.

Coincidental with these changes came a modest reduction in price for some common items at the covertible peso outlets.

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