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*Price Increases Due To Lack Of Foreign Currency: CZR* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?qp In an interview with The Chronicle, Confederation of Zimbabwe Retailers (CZR) president, Mr Denford Mutashu said the recent price increases are a result of lack of foreign currency. He said companies are increasing prices because they are converting their bond notes to US dollars on the black market. Said Mutashu: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > The US dollar is now scarce and not much is being produced locally. As a result, companies are converting their bond notes to US dollars at a higher rate. Manufacturers experience a hidden cost. They have to recover those costs along the chain. The end user is the one that feels it all. *Also Read:* *MDC Causing Shortages, Price Hikes To Force People To Rebel Against Zanu-PF: War Veterans* *Millers Warn Of Imminent Bread Shortages As Wheat Supply Falls To Lowest Levels Since 2005* More: Chronicle _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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