Categories: Stories

Zimbabwe dollar now at $6926.58 to the US dollar

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.

(126 VIEWS)

This post was last modified on June 21, 2023 10:19 am

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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