Money changers overjoyed as black market rates go up

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Parallel market rates have started regaining lost ground adding 50 percent during trades yesterday ending the day at 180 percent.

Rates higher than 180 percent are being observed in the market but these were yet to firm at the time of writing.

The upward move will likely perplex the authorities who have vowed to crack down on the illegal trade.

President Emmerson Mnangagwa on Sunday described the parallel market trade as a national security threat.

– Kukurigo


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