Zimbabwean Central Bank admits collapse of local currency :

Zimbabwean Central Bank admits collapse of local currency

The Reserve Bank of Zimbabwe (RBZ) has said about 70% of domestic expenditure is in US dollars. This was announced by RBZ Governor John Mangudya in the 2023 Monetary Policy Statement seen by Pindula News. Mangudya also said as of December 31, 2022, the Foreign Currency Accounts (FCA) deposits in the banking system accounted for…

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Zimbabwe , Zimbabwean , John Mangudya , Confederation Of Zimbabwe Industry , Reserve Bank , Policy Statement , Foreign Currency Accounts , Zimbabwe Industry , Zimbabwe National Statistics Agency , Individual Consumption ,

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