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*Zimbabwe Dollar Depreciated By 81.08% Since January 2020* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?th The Zimbabwe dollar, represented by Bond notes and the Real-Time Gross Settlement (RTGS), has depreciated by 81.08% since 1 January 2020. The currency, reintroduced in June 2019, is among the fastest-depreciating currencies globally only coming second to the Venezuelan Bolivar in terms of losing value to the United States dollars. ---------- *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* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- The statistics were provided by United States economist Professor Steven Hanke. See Hanke’s Currency Watchlist below. Currency Date Exchange Rate Depreciation since January 1, 2020 Venezuelan Bolivar 4/2/2021 2,147,043.46 VES/USD -97.63% Zimbabwean RTGS Dollar 4/2/2021 120.00 RTGS/USD -81.08% Lebanese Pound 4/2/2021 12,100.00 LBP/USD -80.99% Sudanese Pound 4/2/2021 383.00 SDG/USD -77.28% Syrian Pound 4/2/2021 3,725.00 SYP/USD -75.52% South Sudanese Pound 4/2/2021 615.00 SSP/USD -48.78% Iranian Rial 4/2/2021 258,500.00 IRR/USD -48.47% Argentine Peso 4/2/2021 141.00 ARS/USD -45.39% Turkmenistan Manat 4/2/2021 33.00 TMT/USD -42.42% Zambian Kwacha 4/2/2021 22.11 ZMW/USD -36.59% Brazilian Real 4/2/2021 5.71 BRL/USD -29.60% Turkish Lira 4/2/2021 8.17 TRY/USD -27.15% Nigerian Naira 4/2/2021 485.00 NGN/USD -25.15% Ethiopian Birr 4/2/2021 56.00 ETB/USD -20.54% Computed by Steve H. Hanke, The Johns Hopkins University. Exchange rates are either black (read: free) market or spot exchange rates. Note that a “2 percent change indicates a depreciation of the currency relative to the USD. Note that some sources update periodically, but not daily. As a result of the depreciation, some denominations including the $5 note have been phased out while plans are underway to introduce bigger ones. The Zimbabwe dollar is trading at US$1: ZW$120 on the parallel market but, in most cases, the average exchange rate is US$1: ZW$100. The official exchange rate, however, as per the Reserve Bank of Zimbabwe (RBZ)’s Foreign Currency Exchange system, is at US$1: ZW$84. _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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