ZIMDOLLAR CRASHES

THE Zimbabwe dollar further crashed against the United
States dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex)
auction, with data from the central bank forex auction conducted yesterday
indicating a weighted average of US$1: $105,6…

THE Zimbabwe dollar further crashed against the United States dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction, with data from the central bank forex auction conducted yesterday indicating a weighted average of US$1: $105,6965, a significant fall from last week’s rate that stood at US$1: $99,9301. On the parallel market, the local unit is currently trading at US$1:$