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Investors, scrambling to get money out of Zimbabwe at any cost, are pushing the Old Mutual Implied Rate (OMIR) to levels only reached in October last year when the market panicked at the introduction of new fiscal and monetary policies which saw the re-introduction of foreign currency accounts and a 2 percent tax on all ....
The Old Mutual Implied Rate which is used mainly by business to gauge the market value of the bond note and electronic money against the United States dollar today dropped from an all-time high of 8.9338 on Friday to 6.6188. This is still quite high as the previous peak was 5.7905 reached on 23 October ....
Zimbabwean Statistics body debunks US Geography Professor Steve Hanke's made up figures thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.