US dollar black market rates update

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Parallel market rates continue to hover around 250 percent (RTGS$3.5 to US$1).

Traders that spoke to Kukurigo said trade was limited due to a shortage of RTGS funding to purchase foreign currency.

Anonymous WhatsApp dealer Cash Plus told Kukurigo his business has seen a steep decline in trade.

“We have not been trading since Friday. There is no RTGS funding because the corporates are not buying due to the new regulations,” he said.

— Kukurigo


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