Wednesday, July 22

Countries

The lender stated during the conference that the country’s economic objectives were still under threat from unsustainable debt.
The government announced last week that external debt grew to US$13.7 billion in September, up from roughly US$10.7 billion the previous year.
Zimbabwe’s debt accounts for more than half of the country’s GDP.

The Reserve Bank of Zimbabwe’s monetary policy committee (MPC) met in August and decided that bureaux de change should begin selling foreign currency to walk-in consumers.

Because of this, small-value currency transactions were made more accessible.

However, demand for this service, which offers substantial rates on foreign currency to the general public, is outstripping supply.

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