https://freerepublic.com/tag/zimbabweafrica/ en-us Thu, 20 Jan 2022 15:13:15 GMT Focus Forum 15 https://freerepublic.com/focus/f-news/4031127/posts While the Zimbabwe dollar has been allowed to gradually weaken from parity with the greenback in February 2019 to 112.80 to the dollar today, it trades at over 200 to the dollar on the black market, stoking inflation. The local currency slid 3.68% at the first auction of the year to 112.80 per U.S. dollar, according to data provided by the central bank. That’s the largest decline in two months.Source: BloombergThe black market ZimDollar trades at 240/USDAs Bloomberg reports, business has said it is at the receiving end of the currency rate disparity. It struggles to obtain the foreign currency... Nation And State https://freerepublic.com/focus/f-news/4031127/posts#comment Thu, 20 Jan 2022 15:13:15 GMT https://freerepublic.com/focus/f-news/1918033/posts When Nomatter Tagarira, a spirit medium, claimed that she could conjure refined diesel out of a rock by striking it with her staff, ministers in Robert Mugabe’s Government believed that they might have found the solution to Zimbabwe’s perennial fuel shortage. After witnessing her apparently miraculous gift they gave her five billion Zimbabwean dollars in cash (worth £1.7 million at the start of the year but now worth one seven-hundredth of that) in return for the fuel. Ms Tagarira was also given a farm, said to have been seized from its white owner during Mr Mugabe’s lawless land grab,... timesonline.co.uk https://freerepublic.com/focus/f-news/1918033/posts#comment Mon, 29 Oct 2007 20:17:19 GMT