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Tag: exchange rate movement losses

Posted inNews

Government to compensate 2009 exchange rate movement losses

by Staff Reporter 15th November 202215th November 2022

Finance Minister Mthuli Ncube has said the Treasury has set aside close to US$200 million in the 2023 financial year for compensation of investors that lost their money during the conversion period to foreign currency in 2009. Many lost thousands of savings when the country transitioned from the local currency at the height of hyperinflation […]

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