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Marketing
Digital Marketing Manager: tmutambara@alphamedia.co.zw
THE gap between the parallel market and the auction market rates narrowed for the fifth straight week this week, despite a sustained decline in the value of the latter.
Government issued Treasury Bills (TBs) valued at about US$1,45 billion in fulfilment of obligations due to some creditors and suppliers, prior to shelved.
On easing this week, the Zimdollar took its year-to-date loss to 58%, which is its quickest pace of decline on a comparative basis since its reintroduction in 2019.
Many still lack the infrastructure and connectivity needed to support IoT applications, and there is a significant digital divide between urban and rural areas.
This week, the outcome of the auction market suggested further liberalisation, which some have suggested to be full liberalisation of the market into a pure Dutch Auction System.