Zimbabwe dollar weakens on shrinking economy and inflation
The Zim dollar has weakened more than 20% this year against the US dollar, with inflation probably above 500% at the end of 2019
Zimbabwe’s currency isn’t catching any breaks, even with one of the world’s highest interest rates, as a shrinking economy and sky-high inflation take their toll.
The Zimbabwe dollar has weakened more than 20% this year on the black market to 8.7 per US dollar, according to marketwatch.co.za. That’s widened the gap with the official exchange rate, which is almost 60% stronger at 17.7...