Zimbabwe's new currency drops 31% after fuel subsidy ended - traders
Zimbabwe's new currency drops 31% after fuel subsidy ended - traders
by RamblerNash Tue May 21, 2019 11:56 pm
Zimbabwe's new currency drops 31% after fuel subsidy ended - traders
MAY 21, 2019
HARARE, May 21 (Reuters) - Zimbabwe’s RTGS dollar currency on Tuesday traded 31% weaker against the U.S. dollar on the official interbank market, its biggest one-day fall since Feb 22, traders said.
The slide came a day after the central bank announced an end to a subsidy on fuel imports and said oil companies would now buy U.S. dollars on the open interbank market at the prevailing exhange rate. (Reporting by MacDonald Dzirutwe; editing by John Stonestreet)
https://af.reuters.com/article/zimbabweNews/idAFJ8N219028
MAY 21, 2019
HARARE, May 21 (Reuters) - Zimbabwe’s RTGS dollar currency on Tuesday traded 31% weaker against the U.S. dollar on the official interbank market, its biggest one-day fall since Feb 22, traders said.
The slide came a day after the central bank announced an end to a subsidy on fuel imports and said oil companies would now buy U.S. dollars on the open interbank market at the prevailing exhange rate. (Reporting by MacDonald Dzirutwe; editing by John Stonestreet)
https://af.reuters.com/article/zimbabweNews/idAFJ8N219028
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