US$1 = ZW$25: Zimbabwe’s money merry go-round, US dollar bounces back

The official exchange rate has been fixed at $25 to US$1 for the duration of the Covid-19 emergency by the Reserve Bank of Zimbabwe (RBZ) to stabilise prices while holders of free funds now have an option to pay for goods and services in foreign currency. Regulations banning compulsory forex payments, however, remain in force. […]