Home
About
Contact
Register
Login
Generate
WhatsApp Message
*Econet Reportedly Lost ZWL$1.9 Billion In Exchange Losses* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?xn Telecoms giant Econet reportedly lost ZWL $1.9 Billion in exchange losses for the period ending August 31 2019 all because of the depreciation of the currency, The Chronicle reports. This was revealed by the Econet chairman Dr James Myers in a statement accompanying the financial results for the period in question. ---------- Latest itel S24 available on Pindula: 128GB storage $119 USD WhatsApp +263783450793 ---------- Dr Myers said: > The group’s results for the period under review were significantly weighed down by the accelerated depreciation of the local currency. As a result of outstanding foreign currency obligations, the group recorded foreign exchange losses of ZWL$1,9 billion The Zimbabwe Dollar has been depreciating ever since its debut as the RTGS $ on 20 February 2019. More: The Chronicle itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Feedback