Central Bank Approves Black Market Rates

Retailers can continue to use parallel market exchange rates, Reserve Bank of Zimbabwe governor John Mangudya said in a statement issued on Monday.

Retailers can continue to use parallel market exchange rates, Reserve Bank of Zimbabwe governor John Mangudya said in a statement issued on Monday.

Zimbabwe's annual inflation may breach the upper cap of 25 percent target in 2021 on surging global commodity markets, supply disruptions, stimulus interventions and currencies depreciation induced by the coronavirus pandemic.