News
Jobs
About
Contact
Register
Login
Generate
WhatsApp Message
*Parallel Market Forex Rate Will Hit 500 In A Few Months - Biti* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?oo Former Finance Minister Tendai Biti has predicted that the depreciating Zimbabwe dollar will trade at $500 to the United States dollar in a few months. The official rate on the Reserve Bank of Zimbabwe (RBZ) auction was $108.6660 to the greenback when the last auction was done on Tuesday, 14 December 2021. ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- On the parallel market, however, the Zimbabwe dollar trades at over $210 to the United States dollar. Biti told NewsDay that the 2022 National Budget presented by Finance and Economic Development Minister Mthuli Ncube in November is “technically unsound”. Said Biti: > In a few months, it will hit 500, the rising rate has dramatic inflationary consequences and with half of our people living in poverty and 95% unemployed. > This only means the worst for our people and we have Ncube who is the quintessential definition of failure. > This is one of the most dishonest budgets ever presented. It’s a technically unsound budget. > It doesn’t meet the test for credibility and as I have said consistently this was a man just going through a ritualistic formality simply because section 302 of the Constitution demands that he has to go through the process. Ncube announced a $927.3 billion budget for 2022. *More: NewsDay* 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