It used an exchange rate of 13:1 which is still below the interbank rate which officially stood at 15.26 yesterday.
Finance Minister Mthuli Ncube has said he would prefer the price of fuel in the country to be at least the equivalent of US$1 which means that the price can still be increased.
Ncube has also stated that austerity measures should be completed by the end of this year so that the country concentrates on job creation and productivity.
Garages that sell fuel in foreign currency are charging an average of US$1.25 a litre which at the interbank rate is $19.08.
(198 VIEWS)
At least four million people in Zimbabwe reported that they had gone without food on…
Four of the world’s largest banks are all in China. Assets of the Industrial and…
Zimbabwe is one of the 27 countries in the world where the richest 0.1% of…
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…
