Value of Zimbabwe’s Currency Keeps Plunging Despite Rescue Attempts

148

Zimbabwe’s central bank’s efforts to arrest the sharp depreciation of the country’s dollar seem to be failing as the currency took a nosedive and was trading Monday at more than 6000 against the U.S. dollar from about 2600 on the black-market – forcing prices up. Columbus Mavhunga reports from Harare where economists disagree on what the government should do.

Comments are closed.