Offers at today’s foreign currency auction ranged from $575 to $655 just $45 shy of the black market cash rate. The black market mobile money rate was said to be $730 and the swipe rate, $750.
A total of US$15.6 million was allotted at today’s auction with only US$2.2 million going to small and medium enterprises.
It is not yet clear whether the government is winning the war or not but Finance Minister Mthuli Ncuibe said inflation would start declining after September.
(183 VIEWS)
This post was last modified on September 13, 2022 3:07 pm
Zimbabwe has been ranked third among the least free countries in Southern Africa but it…
I had always considered it a curse for a wife to die before her husband.…
This is a true story about the challenges and loneliness I faced when my wife…
My first long-form article in booklet form: Why I had a girlfriend two months after…
The editor and publisher of The Insider, Charles Rukuni, has started a whatsapp channel through…
A friend who knows about my legal battle with Zimbabwe’s richest man, Strive Masiyiwa, way…
