CURRENCIES
PPC delays results to review impact of forex changes in Zimbabwe
27 June 2019 - 05:10
Cement maker PPC postponed the release of its annual results on Wednesday, 20 minutes before the start of a scheduled presentation of the report to analysts, saying it needed more time to work out the impact of this week’s currency reforms in Zimbabwe.
Zimbabwe on Monday banned the day-to-day use of foreign currencies such as the rand, British pound and the US dollar in an effort to force the take-up of the temporary domestic currency, called RTGS dollar, which was introduced in February...
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