This was hardly the cases with its story in which it said Zimbabwean footballers have turned to “money games” to make ends meet.
“On average, a club player earns 5 000 Zimbabwean dollars a month ($50 officially but $16 on the black market),” the story said.
Fact or fiction?
Officially the Zimbabwe dollar is trading at 82.0914 against the greenback. $5 000 would therefore beUS$60.91.
If one were to get only U$16 for $5 000 that would mean a black market rate of 312.50?
See: Who gets to tell the Zimbabwe story?
(223 VIEWS)
This post was last modified on January 18, 2021 6:56 pm
The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…
Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…
The United States lost its place as the most influential global power in Africa last…
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…
The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…
Zimbabwe’s new currency today fell against the United States for the first time since its…
View Comments
Please be guided accordingly. Black market rates are around 115 not that 300
Zimbabwe shall rise again