Retailers respond to fuel price increase by hiking prices of goods, Zim slides towards 2008 chaos
ZIMBABWE’S local currency yesterday shed as much as 33% in value to trade at US$1:RTGS$4,70 on the official interbank market in response to a nearly 50% fuel price hike. Rates on the parallel market went up as high as US$1:US$6,20, a day after the Rese…
ZIMBABWE’S local currency yesterday shed as much as 33% in value to trade at US$1:RTGS$4,70 on the official interbank market in response to a nearly 50% fuel price hike. Rates on the parallel market went up as high as US$1:US$6,20, a day after the Reserve Bank of Zimbabwe (RBZ) scrapped fuel subsidies. The Zimbabwe Energy […]