Zimbabwe dollar now at $6926.58 to the US dollar


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The Zimbabwe dollar today dropped by nearly $1 000 to average $6 926.5764 to the United States dollar.

The local currency is trading at between $7 700 and $8 400 giving  a premium of 21%.

Some economists say the local currency will start stabilising once companies start making their quarterly payments on 24 June.

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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.

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