Over the past few days, a number of businesses including Simbisa owned Bakers Inn have taken a lot of rap over using an implied exchange rate that is above the official rate. The truth though is that almost everyone is using a rate that’s well above the official rate. The only reason this issue drew widespread attention is because of who is involved and the fact that their rate seemed a little higher than prevailing black market rates.

As proof of this point, we wrote an article today where we highlighted how several businesses seem to be using rates that are well above the official rate. One auction which is reportedly happening today and involves the ZRP. Below is a screenshot showing an announcement of the auction.

Buy Airtime

Pay for your order

R

US$

Processing...