Black market rates SHOOT UP
The foreign exchange rate on the parallel market rate is reportedly rising amid speculations that the Reserve Bank of Zimbabwe (RBZ) intends to liberalize the local currency.
On the streets of Harare, USD$10 was selling at ZW$283 today Saturday, 15 February 2020.
Yesterday’s reports from three research institutions mentioned below suggest that the rate on the parallel market was around 27.50, on average whilst the Old Mutual Implied Rate (OMIR) was at 43.7.
See reports below:
USD = ZWL$ zimrates 28.00
USD = ZWL$ zwl365 27.50
USD = ZWL$ bluemari 27.40
USD = BOND zimrates 21.80
Mugabe Changed it 19 Times in 33 years, Mnangagwa Wants to Change it 27 Times in One Year
MDC President Nelson Chamisa has mocked President Emmerson Mnangagwa’s administration for wanting to amend the constitution and heap more powers on the President.
Addressing party supporters in Masvingo yesterday, Chamisa said Mnangagwa had shown that he is worse than Mugabe who amended the charter 19 times in 33 years while his predecessor wants to…..more here
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