Naison Makwechede rummages through piles of used clothes at a busy flea market in Zimbabwe's capital in hopes of finding Christmas clothes for his family. This secondhand search is new terrain for the father of three, who always buys new clothes for his children this time of year in line with local holiday tradition.
"The bond note is the only new thing in my possession," said Makwechede, referring to Zimbabwe's latest attempt to address a spiraling currency crisis.
Most people in this once-prosperous southern African country are struggling to afford Christmas as the economy implodes.
The U.S. dollar, the main currency used since Zimbabwe abandoned its own...