Wednesday, February 28, 2024
HomenewsZimbabwean Millionaires Swell as Currency (ZWL:USD) Crashes

Zimbabwean Millionaires Swell as Currency (ZWL:USD) Crashes


A fresh plunge in the value of the Zimbabwean dollar means that everyone in the country with US$100 is now a millionaire in local-currency terms. Again.

The local unit on Tuesday weakened past 10,160 per US dollar in the spot market for the first time since it was reintroduced in 2019, meaning that US$100 is now worth a bit more than one million Zimbabwean dollars. It remained just below that level at 9,973 according to data posted on the central bank’s website.



Source link

RELATED ARTICLES

Leave a reply

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments