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.
(182 VIEWS)
This post was last modified on September 13, 2022 3:07 pm
A friend who knows about my legal battle with Zimbabwe’s richest man, Strive Masiyiwa, way…
Britain says amendment of the Zimbabwe constitution is a sovereign, legislative matter for Zimbabwe to…
It is now 47 years since I wrote the short story below for a South…
Zimbabwe has released its 2026 monetary policy statement in which it seeks to stabilise its…
Far from it, on paper that is. Ignatius Chombo was one of the longest serving…
Zimbabwe on Thursday announced a ZiG290.9 billion budget with revenue expected to be ZiG287.6 billion,…
