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*Zimbabwe Dollar Firms Against The USD In October* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?va The Zimbabwe dollar has shown signs of stability in October, with the local currency shedding 3.1 per cent of its value against the greenback on the interbank market. As of September 30, 2019, the official USD/Zimbabwe dollar official rate was 15.1979 and fell to”only” 15.6467 as of October 31, 2019. ---------- Latest Samsung Galaxy A05s available on Pindula: 128GB storage, 6GB RAM $148 USD WhatsApp +263715068543 Calls: 0716 744 619 Ruth, 0713 133 298 Leesa ---------- Some financial experts have opined that the Zimbabwe dollar’s real point of equilibrium is around 7 to the US dollar. When the Reserve Bank of Zimbabwe (RBZ) floated the exchange rate and introduced the interbank market on February 22 this year, the Zimbabwe dollar rate was pegged at 2.5 against the US dollar. Between February 2019 and September 30 2019, the local currency had depreciated by 84 per cent from the initial rate of 2.5 to 15.1979. *More: The Herald* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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