Monday, March 4, 2024
HomenewsZimbabwe Dollar (USD ZWL) Tumbles to Narrow Gap to Parallel Market Rate

Zimbabwe Dollar (USD ZWL) Tumbles to Narrow Gap to Parallel Market Rate


Zimbabwe’s local dollar has weakened 21% against the greenback in official trading this week, narrowing the gap in exchange rates to the popular parallel market.

The Zimbabwe dollar is now trading at Z$8,240 per US dollar, much lower than the Z$6,467 per greenback offered on Monday, according to data available Thursday on the central bank’s website. That makes it easily the world’s worst-performing currency this week.



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