Update on US dollar black market rates

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Parallel market rates for the US Dollar hovered at 260% (RTGS$3.60 for US$1) Saturday afternoon.

Professor Steve Hanke yesterday published his weekly World Inflation Roundup where Zimbabwe took third position behind Venezuela and Iran.

Hanke’s model places the rate at 302% (RTGS$4.02 to US$1).

Gold dealers are demanding RTGS$3.70 (270%) when selling in RTGS.

— Kukurigo


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