ZIMBABWE REINTRODUCED DOLLAR TO STABILIZE EXCHANGE RATE

The Zimbabwean government wants to introduce Forex in the market to stabilize the exchange rate in the country.

The authorities reintroduced the Zimbabwean dollar as the country’s sole legal tender in June, which has since remedied the prices of food items in the market.

Financial experts say the country needs more funding for domestic use but this could only be possible through international lenders which could add more burden to the government.

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