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Such practices further erode confidence in ZiG, pushing more Zimbabweans towards full dollarisation. If this trend continues, the consequences will be dire.
The US Democrats promised black women that if they “put out” their men from their matrimonial homes, they will receive full housing and financial assistance.
The weakening ZiG has also raised the cost of doing business in terms of increases in taxes, fees, and regulatory costs, as well as production and servicing expenses.
In a statement attached to its financial report for the year ended March 2023, Afdis board chairperson Matlhogonolo Valela revealed the changes in functional currency.
To those who think the arrest of Neville means that there are no more sacred cows in the crackdown on forex trading on the parallel market will be sadly mistaken.
The ZiG is now Zimbabwe’s legal tender for all public and private debts and is part of a multi-currency basket that includes the US dollar (USD) and South African rand, among others.