Forex shortage pushes up premium charges

The Zimbabwe National Statistics Agency (ZimStat) says the shortage of foreign currency has led to high premiums being charged to access the money, which is being passed onto the consumers, pushing inflation upwards.

In a report released on Wednesday, ZimStat said: “The shortage of foreign currency has led to high premiums being charged to access foreign currency. These premiums are being passed on to the consumer resulting in inflation, which we are currently experiencing.

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