Currency free fall forces Zimbabwe into black market

The Zimbabwe currency went into free fall today when a shortage of hard currency forced the desperate state-owned power and oil companies to buy US dollars on the black market.

Currency free fall forces Zimbabwe into black market

The Zimbabwe currency went into free fall today when a shortage of hard currency forced the desperate state-owned power and oil companies to buy US dollars on the black market.

Desperate for hard currency to buy power and gas abroad, the state companies were paying up to 2.000 Zimbabwe dollars for one US dollar.

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