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*Econet Reportedly Lost ZWL$1.9 Billion In Exchange Losses* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?mt 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. ---------- *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 ---------- 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 _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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