Our esteemed colleagues at MarketWatch have observed that the value of the Zimbabwean dollar continues to fall against the Rand, USD and other major currencies.
The Zimdollar picks up from where it left last week
Last week we saw the Zimbabwean Dollar (ZWL), Zimbabwe’s nascent currency depreciating significantly against the US dollar and the Rand. As we predicted that meant another round of price increases.
So far this week we have seen an increase in the prices of:
- Fuel, which is now selling above $10 and whose price now depends on how far you live from the fuel depots in Harare and Mutare
- Sugar which now has a recommended price of more than $19/2kg from $17.25
- Econet’s data bundles
Expect other prices to follow suit unfortunately as traders continue to chase the black market rates.
Please note these are black market rates although the official rate is hot in pursuit.