The official rate is currently $85.73 to the United Sates dollar but the parallel is anything between $120 and $148.
In his monetary police statement yesterday central bank governor John Mangudya said the bank was addressing the gap through:
The secretary for Finance, George Guvamatanga, who is a former banker, said the government will assist the central bank top clear the foreign currency allocation backlog in the next 45 days.
“We would want to assure the market that within the next 30 to 45 days we will clear the backlog that is there in the auction system. We know what it is and it is very much manageable,” he said.
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