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*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?re 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. ---------- *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 ---------- 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* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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