Categories: Stories

Zimbabwe dollar down by $237 to $5 252.66

The Zimbabwe dollar today shed $237.23 to average $5 252.6558 to the United States dollar as it continued its slide against the greenback.

The local currency has lost $675.15 since last month’s elections which were won by the Zimbabwe African National Union-Patriotic Front.

Citizens Coalition for Change leader Nelson Chamisa rejected the results though Members of Parliament and councillors from his party that were elected were sworn in.

Chamisa is lobbying for fresh elections but one of the country’s leading clerics Father Fidelis Mukonori who was often described as former President Roberet Mugabe’s personal priest has called on Chamisa to concede defeat so that the country can move forward.

(51 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Zimbabwe requires 46 000 tonnes of grain a month to feed those without food

Zimbabwe will be issuing 7.5 kg of grain a month to each of the six…

May 16, 2024

Stability of ZiG critical to reduce demand for use of US dollar

The stability of Zimbabwe’s local currency, the Zimbabwe Gold (ZiG), is critical if the country…

May 15, 2024

More than half Zimbabwe population will need food aid

More than half of Zimbabwe’s population will need food aid between this month and March…

May 15, 2024

ZiG kicks off week on a positive note

Zimbabwe’s currency, the ZiG, kicked off the week on a positive note after firming to…

May 13, 2024

Why Zimbabwe white farmers lost their R2 billion land damages claim in South Africa

Twenty-five white Zimbabwean farmers who took their R2 billion land damages claim to the South…

May 12, 2024

Africans-including Zimbabweans- must now tell their own stories- ADB president

Africans must now tell their own stories because if they continue to denigrate themselves they…

May 11, 2024