Reserve Bank of Zimbabwe Governor, John Mangudya, is reluctant to act to narrow a widening gap between the national currency’s official and black market rates, saying that businesses are to blame for the disparity. While the Zimbabwe dollar has been allowed to gradually weaken from parity with the greenback in February 2019 to almost 109 to the dollar today, it trades at over 200 to the dollar on the black market, stoking inflation.
The Confederation of Zimbabwe Industries, the largest business lobby group in the country, in October warned a policy response from authorities was needed to save the local unit from collapse. “Such a gap plays havoc” for companies, John Legat, the chief executive officer of Imara, said. To have the official rate move to match the parallel market rate is “like chasing one’s tail,” according to Mangudya.
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Mhango double seals Malawi win over ZimbabweMalawi's Gabadinho Mhango scored twice as they stunned southern African rivals Zimbabwe with a 2-1 victory in Group B at the Africa Cup of Nations to keep their second round hopes alive. I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to LeticiaThomas90 on Twitter she guides me through and i made a return of $10500 after a week of trading, connect with her LeticiaThomas90 I have been very fruitful ever since I have been investing with williamchurch09 . contacted Mr William after series of testimonies i saw online, i took courage and started investing with him. I have made my third withdrawal which are ten times the initial investment. I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent williamchurch09 guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work
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