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Tag: foreign currency exchange rates

Posted inNews

Exchange rates distortions, an act of economic sabotage: ED

by Mandla Tshuma 1st October 20191st October 2019

President Emmerson Mnangagwa has described the recent spiralling of foreign currency exchange rates against the local currency as an act of ‘economic sabotage.’ Fluctuations in the exchange rates saw the Zimbabwe dollar trade at over ZW$20 against the United States Dollar resulting in retailers adjusting prices of basic commodities to levels beyond the reach of […]

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